Category: Techology Advancement

California police partnerships with Amazon Ring raise alarms about racial bias, privacy

by Lucille Avery on July 6, 2020 in Techology Advancement

As nationwide protests force a deep examination of police tactics and funding, technology companies say they are re-evaluating their relationship with law enforcement as well. Amazon has halted police use of its facial recognition technology for one year and the website Nextdoor has stopped forwarding tips to police.

Now, privacy groups and activists are scrutinizing the relationships between Amazon and local police departments that allow law enforcement to request access to video recordings from doorbell cameras installed in private homes.

Amazon’s expanding network of law enforcement “partners” for its Neighbors app remains intact, an arrangement that critics say is designed

A look inside Europe’s $7 trillion technology market

by Lucille Avery on July 4, 2020 in Techology Advancement

There’s no doubt US tech stocks have thrived in 2020, but a raft of their European counterparts have returned huge profits for investors during the first six months of this year.

Sinch, the Stockholm-based cloud telecoms firm, is up a teeth-kissing 170% year-to-date. Second-best is Dutch fintech play Adyen: its market cap grew from $223 billion to $389.4 billion, driving its stock price up by 74%.

The NASDAQ 100 (NDX) is commonly used as a benchmark for the US tech industry. 17 tech firms in Europe have outperformed the NDX this year.

Swedish accounting gem Fortnox just beat Germany’s TeamViewer

This is the 19-slide pitch deck two 22-year-olds used to nab $57 million in funding from Silicon Valley

by Lucille Avery on June 30, 2020 in Techology Advancement

Technology is shattering legacy financial systems that can’t keep pace with market demand — and Brex is at the forefront. It’s one of fintechs buzziest startups, aiming to rebuild B2B financial products starting with corporate cards for technology companies.

Brex

The company was quietly launched in 2017 by Henrique Dubugras and Pedro Franceschi, two 22-year-old engineers who previously founded Pagar.me, one of Brazil’s largest payment processors.

Brex already has more than 1,000 customers signed up with the help of backing from investors including PayPal co-founders Peter Thiel and Max Levchin, early Facebook investor

Restaurant IPO With Playbook For Success

by Lucille Avery on June 28, 2020 in Techology Advancement

Kura Sushi USA Inc (NASDAQ:KRUS) operates revolving sushi bar restaurants in the United States. The company’s restaurants offer Japanese cuisine and a revolving sushi service model. It operates 24 restaurants in five states. – TIKR.com

The Thesis:

KRUS is a patent protected, technology-first sushi restaurant. The company offers high quality sushi at low prices thanks to robotic rice makers, automated dishwashers and a conveyor-belt delivery system. Such technology enables KRUS to offer lower prices while maintaining strong operating margins. KRUS flies under-the-radar of most investors IPOing around $150M. Its parent company has over 30 years of success in Japan. We

Has Turtle Beach (HEAR) Outpaced Other Computer and Technology Stocks This Year?

by Lucille Avery on June 26, 2020 in Techology Advancement

Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Turtle Beach (HEAR) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? One simple way to answer this question is to take a look at the year-to-date performance of HEAR and the rest of the Computer and Technology group’s stocks.

Turtle Beach is one of 611 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank.