A proposed bill in California would give kids in juvenile facilities the right to internet access, and Facebook is throwing its support behind it.
“Many teens are placed in locations far from their homes and families, making availability of electronic communication to maintain supportive relationships even more important,” Ann Blackwood, Facebook (FB, Tech30) policy head for western states, wrote in a letter supporting the bill.
She said computer literacy and the internet are important educational tools, as well as a means to communicate with family. Blackwood sent the letter on Friday to Assemblymember Mike Gipson, the Los Angeles Democrat who introduced the bill earlier this year. A copy of the letter was provided to CNNTech.
Facebook allows kids as young as 13 to open an account.
Blackwood said the bill would “appropriately modernize” the resources available for youth to successfully reintegrate with society.
The bill, AB 811, would limit internet use and computer technology in detention facilities — allowing it to be used only for educational purposes and to keep in touch with family and supportive adults. Probation officers could adopt further policies restricting the use.
Best Tech Stocks For 2018: DSP Group Inc.(DSPG)
- [By Lisa Levin]
Technology shares rose by 2 percent in the US market on Friday. Top gainers in the sector included Fabrinet (NYSE: FN), and DSP Group, Inc. (NASDAQ: DSPG).
Best Tech Stocks For 2018: AVG Technologies N.V.(AVG)
- [By Igor Novgorodtsev]
InterActiveCorp (IACI) bought Ask.com for $1.85 billion in 2005. The new Perion will be worth only about 40% of that. After the merger, Perion will leapfrog its much larger rivals: Babylon and AVG (AVG). Finally, Perion should be able to increase its operating margins as it can spread its SG&A costs over a much larger base (Conduit EBITDA margin is 32% vs. Perion’s 23%). Perion will keep its senior management team intact: Josef Mandelbaum will remain its CEO and Yacov Kaufman its CFO. Perion has successfully orchestrated a roll-up acquisitions of privately-held Sweetpacks and Smilebox, so I have high confidence that they know how to integrate a new business.
Best Tech Stocks For 2018: Glu Mobile Inc.(GLUU)
- [By Peter Graham]
The Q4 2016 earnings report for small cap mobile game stock Glu Mobile Inc (NASDAQ: GLUU)is scheduled for after the market closes onWednesday (February 8). In the past, our SmallCap Network Elite Opportunity (SCN EO) portfolio had open positions in other mobile game stocks with our SCN EO newsletter notingin August 2015 before that summers market meltdown:
- [By Peter Graham]
Small cap mobile game stock Glu Mobile Inc (NASDAQ: GLUU) reportedQ2 2017 earnings after the market closed on Tuesday. Revenue grew 42% year over year to $68.7 million while bookingsincreased 62% to$82.5 million (whichexceed high end of guidance) and Design Home peaked as the#17 top grossing game on U.S. App Store for iPhone. The net loss was $23.568 million versus a net loss of $17.949 million. The Company also raised 2017 full year bookings guidance to a range of $307 million to $312 million.
- [By Lee Jackson]
Glu Mobile Inc. (NASDAQ: GLUU) was started with a Neutral rating and a $2.30 price objective at Mizuho. The Wall Street estimate is$2.56. The 52-week range is $1.73 to $4.00, and the stock closed yesterday at $2.10.
Best Tech Stocks For 2018: Amtech Systems Inc.(ASYS)
- [By Stephan Byrd]
ValuEngine cut shares of Amtech Systems (NASDAQ:ASYS) from a hold rating to a sell rating in a research note published on Wednesday morning.
Separately, Zacks Investment Research raised Amtech Systems from a sell rating to a hold rating in a research report on Monday, April 16th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and three have issued a buy rating to the company’s stock. The company has a consensus rating of Hold and an average target price of $14.88.