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Bullboard - Stock Discussion Forum Reklaim Ltd MYIDF


Primary Symbol: V.MYID

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... see more

TSXV:MYID - Post Discussion

Reklaim Ltd > $MYID DD
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Post by StockHawk1 on Feb 10, 2022 4:36pm

$MYID DD

If you are interested in the data sector but have not heard of Reklaim ($MYID.V $MYIDF) this post is for you. 


$MYID is a tech company whose main service is their app. The Reklaim app allows users to see how many companies are buying and selling their data, how much their data is sold for annually and compensates users for the data (if they choose to sell it) through gifts cards, digital assets and donations. 


Overall $MYID's revenue has been trending higher each quarter. Last quarter $MYID's YTD revenue increased by 1,496% from the same quarter last year and their quarterly revenue increased 70% from the previous quarter. 


Looking forward to the future of data and the internet, data Privacy is one of the principles that Web3 is being built upon and ReKlaim is positioned to capitalize on this shift because of it of its focus on consent and privacy. 


In the meantime $MYID is pushing itself towards growth, having recently started a VPN service that is currently free but it will be putting a pay system up for shortly. I think this is a perfect next step for $MYID as it emeshes well with their data privacy service and could make their app a one-stop-shop for all of internet users privacy needs. 


$MYID was 4.17% in the green today but is still trading at the fairly low price of $0.25/share, making it a good time to jump in IMO. 


MC is $16.844M

 
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