Re:Google sued for secretly amassing vast trove of user data
by itsspring on Wednesday June 03, 2020 @12:59PM
(#23405701)
> they have unprecedented ability to forecast future events.
Per Matt Levine's "anything can be securities fraud if you don't tell your shareholders about it", then having the "unprecedented ability to forecast future events" and not informing your shareholders about it could be argued as securities fraud in court. Something to think about.
Re:Google sued for secretly amassing vast trove of user data
by caseysoftware on Wednesday June 03, 2020 @01:33PM
(#23406138)
One of my favorite articles on that front is where two Capital One fraud analysts used internal purchase data to invest in consumer-oriented brands. Yes, it became insider trading:
https://www.reuters.com/article/us-sec-capitalone-insidertra...
Key quote: The Huangs, who are not related, began with a $147,000 investment and together made more than $2.8 million from the trades, a three-year return of 1,819 percent, the SEC said.
Re:Google sued for secretly amassing vast trove of user data
by slowmovintarget on Wednesday June 03, 2020 @01:40PM
(#23406236)
It seems like corporations will develop psychohistory and use it for profit rather than some Hari Seldon type using it to save civilization.
I have thought of this as "search-based front-running". How much of it goes on, I would like to know.