Re:Hedge funds use satellite images to beat Wall Street
by knd775 on Friday June 21, 2019 @02:47PM
(#20245282)
Some employees of a credit card company got in trouble for this sort of thing a while ago. They were running queries against customer transactions to figure out sales ahead of earnings calls. For example, they figured out that Chipotle was going to beat expectations and bought a ton of stock just before the earnings call. (This very predictably got the attention of the SEC)
Re:Hedge funds use satellite images to beat Wall Street
by Thrymr on Friday June 21, 2019 @07:27PM
(#20247074)
Previous discussion of that event on HN: https://news.ycombinator.com/item?id=8966817
Re:Hedge funds use satellite images to beat Wall Street
by goodfight on Friday June 21, 2019 @02:30PM
(#20245149)
If anyone is profiting off my location I better get a cut of it haha. It's amazing what they can do and I enjoy data-centric trading strategies but we don't have to violate individual privacy.
Re:Hedge funds use satellite images to beat Wall Street
by oh_sigh on Friday June 21, 2019 @04:48PM
(#20246202)
How is a free weather app supposed to tell you the local weather without knowing your location?
Re:Hedge funds use satellite images to beat Wall Street
by thinkingemote on Friday June 21, 2019 @04:53PM
(#20246231)
Type in a place name
Hedge funds also fly cesnas over refinery fields to look at the levels of those big tanks you see off the highway... most of them have roofs that move up or down with capacity, and those that don't you look at with an infrared camera to look at relative temperature differences.