There’s this company offering to pay people “cash back” for taking photos of their receipts in Japan, and I think it’s a data play. “Ahh the customer isn’t the customer they’re the product, eh?” Actually I bet they don’t care about the customer’s data at all. It’s better:
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If this is relevant to your interests the website is http://cashb.jp
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So I hear “Hedge Fund would love that!” all the time and while theoretically I understand the appeal I generally don’t see how one gets a tradeable signal from having receipts from let’s call it 1 bps of transactions covering 80% of all individual physical locations in Japan.
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at the risk of a dumb question, i would expect japan to have the equivalent of the yellow pages?
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That is a thing that exists but it doesn’t substitute for this because hyperlocal, unlikely to be up-to-date these days, and was never as big a thing as it was in the US.
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Don't see any downsides for customers. Yet.
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Not a crowdsourced revenue audit?
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Have seen companies in the US also do clever strategies for this too
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Also detailed pricing info vs. advertised price.
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