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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