My Quick DD on MYID Many people mistake what free services such as Facebook and Google are. In fact, they're not actually free; you just pay with your personal data instead of money. People are now becoming concerned about digital privacy and how their collected data is being used.
$MYID.V is a company aiming to help consumers solve this problem and take back control by democratizing data. This allows you, the consumer, to profit off of your data.
- They provide the only ecosystem in the world where users can take back control
- Rapidly growing userbase and is integrated with 14 data platforms.
- 320M profiles under management (up from only 10k last year), with 120M accounts having been “reklaimed” by users
- Revenue verticals through deals with brands/agencies, platforms, and data
And the Q3 results have shown that consumers are starting to want a piece of the $245B data-sale pie. Q3 YTD Sales were up nearly 1500% YoY, while they saw 70% growth over Q2. The unique data-sale approach is quickly gaining traction as well. They sold data to 75 companies, up from 65 last quarter and are continuing to develop and expand operations.
https://ca.finance.yahoo.com/news/reklaim-announces-q3-2021-financial-134200589.html
With the vast potential to continue scaling the business and many more product offerings to come, $MYID is getting pretty interesting at these levels. Continued growth and customer acquisition will make the current $19M market cap look like child’s play in the future. Plus, 45% insider ownership also shows that management has confidence in the company. Slowing downward momentum could prove to provide a good entry point soon.
Here's a link to their site: https://www.reklaimyours.com/learn