Piqqem

Piqqem
Private
Industry Investment management
Founded 2008 (2008)
Headquarters Los Altos, California, United States
Key people
 Jett Winter, Founder and CEO
Services Rich Internet Application, Investment Tools
Website www.piqqem.com

Piqqem is an online stock selection service. It is located in Los Altos, California

Method

It uses a method of selection based on the Wisdom of Crowds.[1] It launched in the fall of 2008 with funding from early-stage Apple investor Mike Markkula (the first investor in Apple) and Tellme Networks founder Mike McCue.[2] Piqqem encourages users to make predictions on stock prices with simple graphic icons or using online graphing charts. Piqqem then uses a proprietary algorithm to aggregate the expressed sentiments in graphics and symbolic form and compile those aggregate sentiments to provide predictions on share price movement based on the collective "crowd opinion."

Piqqem is similar to current prediction markets like those found on Betfair (sports betting) and the Hollywood Stock Exchange (movie box office returns). Piqqem's competitors include Covestor, Cake Financial, and the Motley Fool, among others.

Critics

Critics of Piqqem's approach assert that the stock market already reflects the wisdom of crowds in its pricing methodology.[3] Piqqem ended its Twitter operations 19 July 2010.[4]

References

  1. ↑ ["Piqqem: a smart mob of investors?" (10-22-2008) Smart Mobs ]
  2. ↑ Letzing, John. "Big Apple, Microsoft names back stock-picking site". MarketWatch. Retrieved 2018-05-04.
  3. ↑ "Can Piqqem Use The Crowd To Pick Stocks? Don't Bet On It. – TechCrunch". techcrunch.com. Retrieved 2018-05-04.
  4. ↑ "Piqqem.com (@piqqem) on Twitter". mobile.twitter.com. Retrieved 2018-03-19.
This article is issued from Wikipedia. The text is licensed under Creative Commons - Attribution - Sharealike. Additional terms may apply for the media files.