Wednesday, April 18, 2018

Inside Cambridge Analytica’s Virtual Currency Plans - The New York Times

Alexander Nix gets my vote for entrepreneur-of-the-year...

"Much like its acquisition of Facebook data to build psychological profiles of voters, the new business line pushed the firm into murky ethical and legal situations. Documents and emails obtained by The New York Times show that Cambridge Analytica’s efforts to help promote another group’s digital token, the Dragon Coin, associated the firm with a famous gangster in Macau who has gone by the nickname Broken Tooth.

The goal of Cambridge Analytica’s own coin offering? Raise money that would pay for the creation of a system to help people store and sell their online personal data to advertisers, Brittany Kaiser, a former Cambridge Analytica employee, said in an interview. The idea was to protect information from more or less what the firm did when it obtained the personal data of up to 87 million Facebook users."
Inside Cambridge Analytica’s Virtual Currency Plans - The New York Times

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