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back to article US trading, energy watchdogs asked: Does Google's Skybox gobble pass the sniff test?

Consumer advocacy group Public Citizen has asked US energy and trading regulators to probe Google’s acquisition of satellite firm Skybox Imaging, which it claims could give big players in commodities trading an unfair advantage. In a letter to the authorities, Public Citizen said that banks and hedge funds already used the …

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  1. Destroy All Monsters Silver badge
    Facepalm

    Uh... yeah?

    So. basically someone, somewhere may have an advantage over someone else and this is likely to be unfair?

    The mind boggles.

    "But Public Citizen argues that the bigger players who can afford contracts for access to data from satellites get access to information that the public couldn’t hope to match."

    HOLY SHIT BATMAN! THAT UN-SOCIALISM IS EVIL!

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    1. BillG
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      Google’s “vast data mining and processing empire”

      Best description of Google I've ever read.

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  2. Gordon 10

    Huh?

    Who is behind Public Citizen - whilst their analysis is correct that this may give google an unfair advantage - the argument that it impacts any consumer is completely spurious. The only impact this will have is on other big corporates who don't have access to Skyboxes data.

    Any "consumer" who dabbles in commodities markets is already so outclassed by the big institutions the skybox deal would be a tiny sliver of an increment. Take most traders out of the support structures they have in banks and they would struggle to compete - let alone the average joe on the street.

    Fact is that if you are playing the markets for anything more than steady long term growth you are a tiny tiny minnow in an ocean chock full of sharks.

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