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A comment on The New Gold Rush? Wall Street Wants Your Data.

Re:The New Gold Rush? Wall Street Wants Your Data by AznHisoka on Friday January 20, 2017 @08:19PM (#13448254)
"You cannot sell data you don’t own. Hedge funds care immensely about the legality of the data."

Thats a shame as this makes this business model almost impossible for the average reader here.

There are loads of outside data that if crawled and gathered could be useful to hedge funds. things like:

- growth in number of Amazon reviews for a type of product month to month(against amazon tos to scrape them)

- number of job ads that mention a technology or product (against indeed.com tos to scrape them)

- google rankings of websites (against google tos to scrape them)

- growth in total yelp reviews for a restaurant like Mcdonalds month to month (against yelps tos)

which means this business is only for already profitable companies with large user bases.

[ Parent | on HN ]
Re:The New Gold Rush? Wall Street Wants Your Data by arbitraryquant on Friday January 20, 2017 @08:35PM (#13448304)
The point is if you're Amazon or Indeed or Yelp (or trying to compete) you can sell the data.
[ Parent | on HN ]
Re:The New Gold Rush? Wall Street Wants Your Data by AznHisoka on Friday January 20, 2017 @08:41PM (#13448323)
thats true.

and the rich get richer..

[ Parent | on HN ]
Re:The New Gold Rush? Wall Street Wants Your Data by purity_resigns on Friday January 20, 2017 @10:58PM (#13448666)
I've heard them called Siren Servers.
[ Parent | on HN ]
Re:The New Gold Rush? Wall Street Wants Your Data by ice109 on Saturday January 21, 2017 @09:16AM (#13450091)
you're wrong. that's public data and you absolutely can sell it. hedge funds are worried about insider trading so if you can make the case that the data you used to trade was available to everyone then it's cleared by compliance. source: I work for a startup that does that and has 1MM rar.
[ Parent | on HN ]
Re:The New Gold Rush? Wall Street Wants Your Data by AznHisoka on Saturday January 21, 2017 @10:53AM (#13450556)
not according to the article. hedge funds claim they cqre about the means by which you obtain that data. for most of the methods i outlined, it is against the site's tos to obtain that data.
[ Parent | on HN ]
Re:The New Gold Rush? Wall Street Wants Your Data by ice109 on Sunday January 22, 2017 @08:15PM (#13458887)
i don't know what you want me to tell you? we have ~400 clients and they're not boutique shops either.
[ Parent | on HN ]
Re:The New Gold Rush? Wall Street Wants Your Data by AznHisoka on Sunday January 22, 2017 @09:58PM (#13459367)
I want you to tell me what company you work for that sells this public data, and I'll be happy.

Don't care to tell me? Then don't respond with a comment saying "What else do you want me to tell you?" :)

[ Parent | on HN ]
Re:The New Gold Rush? Wall Street Wants Your Data by ice109 on Friday January 27, 2017 @05:28PM (#13503317)
i won't tell you where i work but i'll gladly show you a couple of our competitors that are doing the exact same thing:

http://www.dataminr.com/ http://www.discern.com/consumer-retail https://www.aggdata.com/

[ Parent | on HN ]