Bill Gates Invests $2 Billion in RewFeed

Posted on June 6, 2017

Founder of Microsoft Mr Bill Gates has made an investment od $2,000,000,000 USD ($2 Billion US dollars) of his personal fortune into a tech start-up company called Rewfeed. With this investment Mr. Gates has acquired a controlling interest in the company. It is Mr. Gates belief that Rewfeed has the potential to shake the world’s economy more that the industrial revolution did.

Obviously this begs the question what is Rewfeed and what is Mr. Gates viewing it as a pivotal investment?

Rewfeed is software that plugs into all social networks like Facebook, Twitter, Instagram, YouTube, LinkedIn, Reddit, VK, Tumblr, Pinterest, Myspace and more.

In an interview with CNN tech, Jason Clark the creator of Rewfeed, revealed how Rewfeed works and its intended use. “Rewfeed works like a team of spies. We have millions of automated robots that go on social media and gather real-time data – posts, images, text, videos and anything else people are publicly saying. Then we analyse all this data, looking for topics related to any publicly traded companies. Once we have a certain trending topic related to a big company, we analyse if the trend is Positive or Negative. If the trend is positive, we bet on the stock to rise, if the trend is negative – we bet on the stock to fall.”

Mr Clark also affirmed his belief that it was 100% Safe. “We simply ask for access monitor the newsfeed using automated systems. There is no risk of us posting anything or your behalf. And besides that, no real human will be reading your Newsfeed. It’s all just algorithms looking for keywords. We take privacy very seriously and will never take any risks to harm our users.”

In the same interview Mr Clark illustrated Rewfeed’s business model while still under consideration will not be for the average business person. The … “first 1,000 spots will be free. After that, for regular users, we are thinking of charging $10,000.00 monthly and hundred times as much for trading firms who wish to use Rewfeed. We do not want to disrupt the stock market too much so spots will be limited to 1,000 trading firms and 1,000,000 regular users.”

In this YouTube Video Mr Clark explains his vision;

https://www.youtube.com/watch?time_continue=15&v=23eftduSygU

I would contend that this is a very concerning development one that places even more power in the hands of the business elite and a concept that from inception has in Mr. Clark’s own words the potential to disrupt the stock market. Additionally while this is heralded as a commercial development the potential to redirect activities to dissident or to non-conforming political exponents should be abundantly clear. Therefor this company, its activities and its ownership are matters for real public concern.

(Sources; CNN Tech –  http://noteworthydaily.com/index.php/2017/05/30/bill-gates-invests-2-billion-us-dollars-to-gather-data-from-social-networks/?v=h75du9g0&additional=web_18
YouTube )

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