Society

The initiatives spurring Brazil’s tech transformation

The initiatives spurring Brazil's tech transformation

A recent study by the University of California, Irvine (UCI) explored the effects of consuming negative news. The more a person reads bad news, the more likely he or she is to become sad and anxious. In Brazil, with a national unemployment rate of 12.4 percent in the first quarter and repeated reductions to the GDP growth estimates for 2019, pessimism could be predominant.

However, Brazil is experiencing a boom in entrepreneurship related to tech, digital and scientific development. The country already has six “unicorns”—companies with market values above USD 1 billion—99, PagSeguro, Nubank, Stone...

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