Biotech Values

[DewDiligence]

[OT]—Twitter’s “other” revenue source:

http://online.wsj.com/article/SB10001424052702304441404579118531954483974.html

In its IPO filing Thursday, Twitter Inc. disclosed how much the microblogging platform earned from a lesser-known side business: $47.5 million came from selling off its data to a fast-growing group of companies that analyze the data for insights into news events and trends.

…One opportunity may be on Wall Street. Dataminr Inc…uses algorithms similar to those employed by hedge funds to conduct high-speed trading. Five minutes before news of last week's Capitol Hill shooting broke on TV, Dataminr subscribers got an alert to take action—giving them a leg up on the news that led the S&P Index to drop by 20 points five minutes later.

Dataminr's algorithms spotted just a handful of early eyewitness shooting reports posted on Twitter and instantaneously deduced from their timing, along with the Tweeters' influence and physical location that something urgent was happening.