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Foursquare Now Becomes a Yelp Competitor

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Foursquare has released an apparently small update to its iOS application, adding 1/10 score that displays next to the name of the location. This new small update makes it a direct competitor to many of the suggestion surfacing firms, especially Yelp. The data is based on loads of report that Foursquare takes in that it says result more accurately and varies output when compared to other standard ‘other site’, where scores can be in the middle.

Foursquare confirms that it is not using star ratings offered by its visitors to come up with scores, which are given on a scale of 1 to 10. It has combined a bunch of reports, including likes, popularity, local expertise, tips, dislikes, and loyalty as well as over 3 billion check-ins it has gathered from 25 million clients.

The new app that Foursquare has created opens the Explore feature to those who haven’t registered for the services. It is one of the fantastic ways for users to collect data in a very careful method. The consumption of multiple data elements could offer a dynamic rating moderately better than the star measurement that could be either act of negative advice or eradicate a capricious feedback, producing a more accurate rating over time. The check-in app has ten-point rating system for local businesses.

Foursquare is binding deeper into Yelp sector, releasing a 10-point rating system with its iOS application update. However, check-in new social network Foursquare says its new model is completely different from the other types of scoring and is competing with none. It wrote in its official blog post that instead of 3.5 stars that other sites offer Foursquare has come up with new rating that powers Explore. The method that this rating system works for iOS customers can go into Explore part of the app to add or just to see the scores next to the name of boutique, bar, restaurant, and many other places. Users can also check out the ratings online at its official website.

Foursquare has been working on the project from many months in an effort to become a local search engine rather than a simple social network check-in. Last month, it opened a new website with a search box and was open to both registered and non-registered members.  It is also working on adding more specific info to its registers, such as price of the place (stores) when it opens.

In August, Yelp revamped its social connections and app restaurant menus for its cellphone users.

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Business

Top 3 Gainers: Zynga (NASDAQ:ZNGA), Eros International (NYSE:EROS), Borqs Technologies’ (BRQS)

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Zynga (NASDAQ:ZNGA) is up 2.5% after Benchmark reiterated its Buy rating in a look-ahead at Q2 earnings. The firm’s expecting a beat and solid guidance for Q3, and it’s raising its guidance for the fiscal year.

Tailwinds from the pandemic won’t dissipate easily, Benchmark suggests, and the videogame maker’s acquisition of Peak (and with it new “forever franchises” in Toon Blast and Toy Blast) will drive audience, bookings, margins and free cash flow, it says. The firm has an $11 price target, now implying 14% upside.

Eros International (NYSE:EROS) is up 5.8% today, making up the last week’s lost ground, after news that its streaming service Eros Now is partnering with Sony India (SNE +2.3%).

That will mean Eros Now’s app is pre-installed on selected Sony smart televisions in India, along with availability on a large base of existing models (Bravia E series and newer).

The country over the past year has seen a 25% growth in demand for smart TVs, fueled by overall industry growth of 15%, to a record 15M units/year.

Borqs Technologies’ (BRQS) personal safety tracker sees strong market with increased orders from the electronics retail chain in the US.

The boost in product demand comes ahead coronavirus pandemic that provides company to expect delivery of 250K units this year. It reflects over 3x the volume delivered in 2019, the year of its launch.

Borqs’ mobile personal safety devices designed particularly for senior citizens come with panic button, location tracking, and fall detection.

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Tesla, Inc. (TSLA): US agencies investigate fatal Tesla Model 3 crash in Florida

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American safety officials are looking into the circumstances surrounding another fatal Tesla, Inc. (TSLA) crash. Both the NTSB and the NHTSA have confirmed that they’re investigating a collision between a Model 3 and a semi truck in Delray Beach, Florida on March 1st. According to the police report, the truck was turning left to enter a main thoroughfare when the Model 3 crashed into the semi’s trailer, shearing off the car’s roof and killing the driver. It’s not certain if Autopilot was active, although the Model 3 kept traveling for more than 500 yards before coming to a stop.

Why ASDN Could Massively Outperform TSLA in 2019

Tesla said in a statement that it was “deeply saddened” about the collision and was “reaching out” to authorities to cooperate. The NTSB added that it typically takes one to two years to complete investigations like this.

This certainly isn’t the first time US safety agencies have investigated Tesla crashes to determine the possible role of Autopilot. However, there are unusually close parallels to a deadly incident from May 2016, when a Model S driver in Florida struck a trailer. His vehicle had Autopilot engaged and also kept going a significant distance after the crash, although investigators cleared Tesla and noted that the driver in that case ignored safety warnings. While the particular circumstances are different, it wouldn’t be out of the question for agents to compare the two cases.

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Amazon (NASDAQ:AMZN), Qualcomm (NASDAQ:QCOM) Are In News On Monday

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Evercore raises its Amazon (NASDAQ:AMZN) price target from $1,800 to $1,965 saying that gross profit has become a “more important indicator” than Y/Y revenue growth.

Key quote: “As such, we remain bullish on AMZN at least in part because the company’s gross profit is expected to grow ~400bps faster than revenue for AMZN over the next 3 years.”

Why Investors Are Calling ASDN the AMZN of the Sky!

Amazon shares are up 0.9% pre-market to $1,686.

Qualcomm (NASDAQ:QCOM) alleges in a San Diego federal court that Apple (NASDAQ:AAPL) violated three of its patents and asks for tens of millions of dollars in damages.

Qualcomm has filed a series of patent actions against Apple around the world that will conclude before the antitrust trial starting in April, which will hear Apple’s challenge to QCOM’s business model.

Have you seen the article Forbes wrote about the ASDN Flying Passenger Drone and its technology?

U.S. District Judge Dana Sabraw will open an eight-day trial today deciding whether Apple violated Qualcomm’s patents with its iPhones that contain Intel (NASDAQ:INTC) chips.

Qualcomm shares are up 0.8% pre-market to $54.65.

Apple shares are up 0.5% to $175.88.

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