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Smartphone Location Data Is Worth Big Money to Wall Street

54 pointsby SREinSFover 6 years ago

2 comments

gleennover 6 years ago
This is such a dark use of tech. Involuntary using people&#x27;s phones and fta it says data goes mostly to hedge funds. Then the kicker was at the bottom:<p>&quot;In September, as Hurricane Florence churned toward the Carolina coast Thasos watched evacuation zones and found that in well-to-do census blocks, 65% of the people fled, while only 39% left poor areas. Such information could inform disaster response or infrastructure spending, yet it might also have commercial value. “You might look at that and say, ‘Gosh, I could price insurance differently,’ ” Mr. Pentland said.&quot;<p>So they&#x27;re not even interested in savings lives so much as pricing insurance. Fantastic.
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lostericover 6 years ago
Bypass paywall:<p>* DDG: <a href="https:&#x2F;&#x2F;duckduckgo.com&#x2F;?q=Your+Smartphone%E2%80%99s+Location+Data+Is+Worth+Big+Money+to+Wall+Street" rel="nofollow">https:&#x2F;&#x2F;duckduckgo.com&#x2F;?q=Your+Smartphone%E2%80%99s+Location...</a><p>* Google: <a href="https:&#x2F;&#x2F;www.google.com&#x2F;search?q=Your+Smartphone%27s+Location+Data+Is+Worth+Big+Money+to+Wall+Street" rel="nofollow">https:&#x2F;&#x2F;www.google.com&#x2F;search?q=Your+Smartphone%27s+Location...</a>
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