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So can google. Supposedly Sergey even suggested to start a Hedge fund, but it would probably be insider trading if they would do their decisions based on the us
by seb 16y ago
So can google. Supposedly Sergey even suggested to start a Hedge fund, but it would probably be insider trading if they would do their decisions based on the user data.
- daeken 16y agoHow could it be insider trading, if they're not doing anything with GOOG?
- cynicalkane 16y agoUsing some Google customer's secret information to trade also counts as insider trading. If anything, it's more unethical.
- jimmyk 16y agoCompanies that have non-public information about companies that they trade with are barred from using that information to trade stocks. For example if company B which manufactures bullets orders gunpowder from company G, and company B starts ordering a lot more gunpowder, employees from company G can't buy more stock of company B due to that knowledge. It seems like Google could fall into the category of company G since it has non-public search terms from other companies.