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Impact on Target's Stock Price by End of Q2 2024
5
Resolution / Starting Odds
Increase • 33%
Decrease • 34%
No Change • 33%
Stock market data, financial news
Story
Target Sued for Unauthorized Biometric Data Use, Faces $1,000-$5,000 Damages per Visit
Apr 16, 2024, 03:50 PM
A class action lawsuit has been filed against Target, alleging the retailer violated Illinois' biometric data protection laws by using facial recognition and fingerprint scanning technology to identify shoplifters without obtaining customer consent. The lawsuit seeks damages ranging from $1,000 to $5,000 per affected customer per visit. This legal action coincides with updates to the Illinois BIPA legislation regarding damages, highlighting ongoing concerns regarding the use of biometric data and privacy.
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Stock price rises • 33%
Stock price falls • 33%
Stock price remains stable • 34%
Stock Price Increase • 33%
Stock Price Stable • 34%
Stock Price Decrease • 33%
Significant increase • 33%
No change • 33%
Decrease • 34%
Increased significantly • 25%
Increased slightly • 25%
Remained stable • 25%
Decreased • 25%
Increase in Stock Price • 33%
Decrease in Stock Price • 33%
No Significant Change • 33%
Target outperforms Walmart • 33%
Walmart outperforms Target • 33%
Both perform equally • 34%
Stock price increases • 33%
Stock price decreases • 33%
No significant change • 33%