Piqqem
| Company type | Private |
|---|---|
| Industry | Investment management |
| Founded | 2008 |
| Headquarters | , |
Key people | Jett Winter, Founder and CEO |
| Services | Rich Internet Application, Investment Tools |
| Website | www |
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
- ^ ["Piqqem: a smart mob of investors?" (10-22-2008) Smart Mobs ]
- ^ Letzing, John. "Big Apple, Microsoft names back stock-picking site". MarketWatch. Retrieved 2018-05-04.
- ^ "Can Piqqem Use The Crowd To Pick Stocks? Don't Bet On It. – TechCrunch". techcrunch.com. Retrieved 2018-05-04.
- ^ "Piqqem.com (@piqqem) on Twitter". mobile.twitter.com. Retrieved 2018-03-19.