One company that operates red-light cameras, posted at intersections to generate automatic traffic tickets, reports that revenue is down due to the coronavirus pandemic.
Shares of Redflex, which trade in Australia, are down 46% since the beginning of the year.
On a call with investors Monday, Redflex CEO Mark Talbot warned that further travel restrictions could delay new installations and therefore impact revenues.
Fascinating that a business that's as close to a license to print money as it gets is wrecked after a few weeks of people not driving their cars. Everything is leveraged up to the eyeballs.
Red light cameras are now illegal in many places because the revenue-generation incentive inevitably leads to corruption, spurious fines, dangerous placements and unconstitutional searches.
William “Roddie” Bryan Jr. charged with Felony Murder & Criminal Attempt to Commit False Imprisonment.
The Wall Street Journal reported on Friday that federal and state regulators in the U.S. are preparing to file antitrust lawsuits against Google, saying the company abused its dominance of online search and advertising to crush competition and maximize profit.
“It is baffling, to say the least, how Zoom failed to protect Saint Paulus’s Bible study class from a ‘serial offender’ who has been ‘reported multiple times to the authorities,'” the church said.
Even though it feels like Amazon is a singular retail juggernaut crushing everybody else, you might be surprised to learn that half of Amazon’s $280 billion in revenue last year came from third-party sellers. According to numbers compiled by JungleScout, 86 percent of Amazon’s Fulfilled by Amazon (FBA) sellers were profitable last year, more than […]
Amidst all the deadly serious concern and fallout from our global battle against COVID-19, you’ve likely been forced to confront more than a few moments that you never expected to face. And you likely never felt sillier during this scary time than when you were racing all over town hoping desperately that some store had […]
“It’s better to have it and not need it than to need it and not have it.” – “Lonesome Dove,” Larry McMurtry If the past few months have taught us anything, it’s that we need to be prepared now more than ever. Emergency situations can happen quickly and there’s no telling when you may need […]