- Tech developer Killi (MYID) shot up over 200 per cent this week, following a surge in new users to its data management app
- The app gained more than 25 million US-based accounts in the first two weeks of September, a substantial improvement on 4.8 million new accounts throughout August
- The latest account figures were released yesterday and led to a rapid share buy-up, shooting the company’s share price up more than 280 per cent, before partially recoiling when trading opened today
- The app is currently available in the US, Canada, Singapore, Australia, and New Zealand, and pays users by selling their online data to interested parties
- Killi (MYID) is down 25.53 per cent and is trading at 18 cents per share
Tech developer Killi (MYID) shot up over 200 per cent this week, following a surge in new users to its data management app.
The company’s app, which allows users to protect and monetise the use of their online data, gained more than 25 million US-based accounts in the first two weeks of September, a substantial improvement on 4.8 million new accounts throughout August.
The app is currently available in the US, Canada, Singapore, Australia, and New Zealand, and pays users by selling their online data to interested parties.
The latest account figures were released yesterday and led to a rapid share buy-up, shooting the company’s share price up more than 280 per cent, before partially recoiling when trading opened today.
The renewed investor interest comes after a sustained trading slump, which began in August last year, and subsequently falling just under 90 per cent to a 52-week low of two cents per share by April. However, this week’s price surge all but wiped the company’s recent share losses, though it remains to be seen if these quick gains sustain themselves over the coming months.
Neil Sweeney, Founder and CEO of Killi, said the multi-billion-dollar data market is quickly transforming to remove any data which cannot be tied directly to a consumer.
“If we acknowledge that all data is the digital manifestation of human identity, and money is being generated from this data sale, why aren’t consumers included in the transaction?”
“The goal of Killi is to redistribute wealth back to everyday citizens based on what’s rightfully theirs. With unemployment at 10 per cent, even a small redistribution of money can make a material difference to a consumer,” he said.
Killi (MYID) is down 25.53 per cent and is trading at 18 cents per share at 12:50pm EDT.