Piqqem
Encyclopedia
Piqqem is an online stock selection service using a method of selection based on the Wisdom of Crowds.. It was launched in the fall of 2008 with angel funding from early-stage Apple
investor Mike Markkula
(the first investor in Apple) and Tellme Networks
founder Mike McCue. Piqqem encourages users to make predictions on stock prices with simple graphical icons or using online graphing charts. Piqqem then uses a proprietary algorithm to aggregate the expressed sentiments in graphical and symbolic form and compile those aggregate sentiments to provide predictions on share price 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 of Piqqem's approach assert that the stock market already reflects the wisdom of crowds in its pricing methodology.. The company is located in the Silicon Valley town of Los Altos in Northern California near San Francisco.
Apple
The apple is the pomaceous fruit of the apple tree, species Malus domestica in the rose family . It is one of the most widely cultivated tree fruits, and the most widely known of the many members of genus Malus that are used by humans. Apple grow on small, deciduous trees that blossom in the spring...
investor Mike Markkula
Mike Markkula
Armas Clifford "Mike" Markkula, Jr. is an American entrepreneur who was an angel investor and second CEO of Apple Computer, Inc., providing early critical funding and managerial support...
(the first investor in Apple) and Tellme Networks
Tellme Networks
Tellme. Networks, Inc. is a company founded in 1999 by Mike McCue and Angus Davis, based out of Mountain View, California, in the United States, that specializes in telephone-based applications....
founder Mike McCue. Piqqem encourages users to make predictions on stock prices with simple graphical icons or using online graphing charts. Piqqem then uses a proprietary algorithm to aggregate the expressed sentiments in graphical and symbolic form and compile those aggregate sentiments to provide predictions on share price price movement based on the collective "crowd opinion." Piqqem is similar to current prediction markets like those found on Betfair
Betfair
Betfair is the world's largest Internet betting exchange. The company is based in Hammersmith in West London, England. Since Betfair was launched in June 2000 it has become the largest online betting company in the UK and the largest betting exchange in the world. Betfair claim to have over 3...
(sports betting) and the Hollywood Stock Exchange
Hollywood Stock Exchange
The Hollywood Stock Exchange, or HSX, is a web-based, multiplayer game in which players use simulated money to buy and sell "shares" of actors, directors, upcoming films, and film-related options....
(movie box office returns). Piqqem's competitors include Covestor
Covestor
Covestor is an online Investment Management platform that allows you to mirror the real trades of successful individual or Professional Investors...
, Cake Financial
Cake Financial
Cake Financial was a free web-based financial services social network for individual investors allowing members to share their real stock portfolios and performance with other members. The site was introduced publicly on 17 September 2007, at the TechCrunch40 Conference, by Founder and CEO, Steven...
, and the Motley Fool
Motley Fool
The Motley Fool is a multimedia financial-services company that provides financial solutions for investors through various stock, investing, and personal finance products. The Alexandria, Virginia-based private company was founded in July 1993 by co-chairmen and brothers David and Tom Gardner, and...
, among others. Critics of Piqqem's approach assert that the stock market already reflects the wisdom of crowds in its pricing methodology.. The company is located in the Silicon Valley town of Los Altos in Northern California near San Francisco.