Amazon Jeff Bezos Stops Sharing Face Recognition only for One  Year

 

 

Amazon.com, Inc. (AMZN) Nasdaq Amazon bans facial recognition technology software for one year. It takes this action due to the recent bias of racial discrimination. The technology does not properly screen people with darker skin. There is bias risk within the algorithm. They are not purposely doing this; it is something that is not working properly with the technology. There are also large privacy concerns from civil rights groups that are  addressing  the question  of the  civil rights  of citizens and the  invasion of privacy.

The announcement follows years of pressure from police reform advocates and activists, including the American Civil Liberties Union

The average price target is $2,733.83 with a high forecast of $3,300.00 and a low forecast of $1,987.00. The average price target represents a 5.48% increase from the last price of $2,591.75. Source: https://www.tipranks.com/stocks/amzn/price-target

Jeff Bezos is an American internet entrepreneur, industrialist, media proprietor, and investor. He is best known as the founder, CEO, and president of the multi-national technology company Amazon. The first centi-billionaire on the Forbes wealth index, Bezos has been the world’s richest person since 2017 and was named the “richest man in modern history” after his net worth increased to $150 billion in July 2018. Source: Click here

Top Institutional Holders

Holder  Shares  Date Reported  % Out    Value

Advisor Group, Inc.          35,429,155           Mar 30, 2020      7.10%    69,076,932,086

Vanguard Group, Inc. (The)          32,975,915           Mar 30, 2020      6.61%    64,293,800,993

Blackrock Inc.     27,023,092           Mar 30, 2020      5.42%    52,687,462,934

State Street Corporation               16,267,474           Mar 30, 2020      3.26%    31,717,019,407

FMR, LLC              15,839,627           Mar 30, 2020      3.18%    30,882,837,554

Price (T.Rowe) Associates Inc      15,605,864           Mar 30, 2020      3.13%    30,427,065,158

Top Mutual Fund Holders

Holder  Shares  Date Reported  % Out    Value

Vanguard Total Stock Market Index Fund              11,871,374           Dec 30, 2019       2.38%    21,936,399,732

Vanguard 500 Index Fund            8,320,475             Dec 30, 2019       1.67%    15,374,906,524

SPDR S&P 500 ETF Trust 4,360,785             Feb 28, 2020       0.87%    8,214,628,743

Fidelity Contrafund Inc  4,207,147             Jan 30, 2020        0.84%    8,450,980,321

Growth Fund of America Inc        4,194,198             Dec 30, 2019       0.84%    7,750,206,832

iShares Core S&P 500 ETF             3,263,649             Feb 28, 2020       0.65%    6,147,898,803

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CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

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