Phunware Inc (PHUN)

[NobleRoman]

PHUN Press Sheds Light in BIG CON in my eyes. This is a company that kept touting how you should control your own data. How Facebook exploits. That they will give you control and empower you. That Facebook was the evil empire.

Then, in the press today, just the opposite happens. PHUN exploits you and shares your data, which you do not control and do not get paid for. That's how I read this. Anyone else read it the same way?

https://seekingalpha.com/pr/18090651-financially-troubled-startup-helped-power-trump-campaign

Ex-Phunware employees and the lobbyist’s staff gave Rove a presentation, showing off how the company could use cellphone data to send out customized political ads that also were hard to trace.

“His mind was blown. He was like ‘this is extremely powerful data,’” a former employee recalled...

...The app lets Trump’s team communicate directly with the 2.8 million people who downloaded it — more than any other app in a U.S. presidential campaign — and if they gave permission, with their entire contact list as well.

Once installed, it can track their behavior on the app and in the physical world, push out headlines, sync with mass texting operations, sell MAGA merchandise, fundraise and log attendance at the president’s rallies, according to the app’s privacy policy and user interface.

Yeah, I'm not reading anything about you taking control of your data here or getting paid for it. I'm reading manipulation, mind control, exploitation. That's how I interpret it. Which seems to go hand in hand in the way this company went public, through a deregulated SPAC. And just so happens, had a lawsuit with UBER alleging fraud. All that go in hand in hand, or just amazing victims of circumstances, as one of the three stooges used to say?

This to me is another example of the libertarian arm needing REGULATION.