Amazon.com Says Just Walk Out Technology Does Not Use Or Collect Any Biometric Information Of Shoppers
Portfolio Pulse from Benzinga Newsdesk
Amazon.com announced that its Just Walk Out technology does not use or collect any biometric information of shoppers, according to Reuters. This clarification comes amid growing concerns over privacy and data security in retail technologies.
April 17, 2024 | 3:12 pm
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POSITIVE IMPACT
Amazon's clarification on its Just Walk Out technology not using biometric data could bolster consumer trust and potentially increase adoption of this technology in its stores.
Amazon's statement addresses consumer privacy concerns directly, which is crucial in the current climate of heightened awareness around data security. By clarifying that its technology does not use or collect biometric information, Amazon may alleviate concerns, potentially leading to greater consumer acceptance and usage of its Just Walk Out technology. This could have a positive impact on Amazon's reputation and its retail operations, making the news likely to have a short-term positive impact on AMZN's stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 90