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Reklaim Ltd V.MYID

Alternate Symbol(s):  MYIDF

Reklaim Ltd. is a Canada-based consumer data and privacy provider. The Company is engaged in offering compliant, first-party data to Fortune 500 brands and agencies, platforms, and data companies through which it allows consumers to visit the platform, confirm their identity and unveil data that has been collected and sold on them for years without the consumer's explicit consent. It enables consumers to take back control of this data by setting up a Reklaim account where, should they choose to, consumers can be compensated for using their data. In a Reklaim account, users can edit, add or remove data from their profile. It allows consumers to visit the platform, confirm their identity and unveil data that has been collected and sold.


TSXV:MYID - Post by User

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Post by Justdosomeddon Dec 24, 2021 5:08pm
138 Views
Post# 34261724

My Quick DD on MYID

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
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