Skip to content

Comment on Restaurant Industry Report from Square

Comments

Does this data get sold to hedge funds or other groups? Companies that process large amounts of purchases must have some of the most accurate data sets on consumer spending that can exist, and should be able to get that data up to date for a time period much faster than any company or gov could compile a survey. Amazon, Shopify, Square, Visa, Mastercard, etc they could all easily calculate inflation easier and more accurately than the gov.

Yes(not specifically saying this data does - just that very similar data is essential to many HFs/QHFs). Search alternative market data.

Similar/Related: https://www.consumerreports.org/media-room/press-releases/20...

AboutSource Built by g1lg1l

Hackerly is an independent reader for Hacker News, built on the public HN API. Not affiliated with Y Combinator.