Piqqem was an online stock selection service. It is located in

Los Altos, California Los Altos (; Spanish for "The Heights") is a city in Santa Clara County, California, in the San Francisco Bay Area. The population was 31,625 according to the 2020 census. Most of the city's growth occurred between 1950 and 1980. Originally a ...

Method

It uses a method of selection based on the

Wisdom of Crowds ''The Wisdom of Crowds: Why the Many Are Smarter Than the Few and How Collective Wisdom Shapes Business, Economies, Societies and Nations'', published in 2004, is a book written by James Surowiecki about the aggregation of information in groups, ...

. It launched in the fall of 2008 with funding from early-stage

Apple An apple is an edible fruit produced by an apple tree (''Malus domestica''). Apple fruit tree, trees are agriculture, cultivated worldwide and are the most widely grown species in the genus ''Malus''. The tree originated in Central Asia, wh ...

investor

Mike Markkula Armas Clifford "Mike" Markkula Jr. (; born February 11, 1942) is an American electrical engineer, businessman and investor. He was the original angel investor, first chairman, and second CEO for Apple Computer, Inc., providing critical early fu ...

(the first investor in

) and Tellme Networks founder

Mike McCue Mike may refer to: Animals * Mike (cat), cat and guardian of the British Museum * Mike the Headless Chicken, chicken that lived for 18 months after his head had been cut off * Mike (chimpanzee), a chimpanzee featured in several books and document ...

. Piqqem encourages users to make predictions on stock prices with simple graphic icons or using online graphing charts. Piqqem then uses a proprietary algorithm to aggregate the expressed sentiments in graphics and symbolic form and compile those aggregate sentiments to provide predictions on share price movement based on the collective "crowd opinion."

Critics

Critics of Piqqem's approach assert that the stock market already reflects the wisdom of crowds in its pricing methodology. Piqqem ended its Twitter operations 19 July 2016.

References

{{Reflist

External links

Piqqem HomepagePiqqem Blog
Companies based in Santa Clara County, California Financial services companies established in 2008 Investment management companies of the United States Prediction markets