Hedge funds will spend $2 billion on web-scraping software to gain an edge, and it’s part of an investing gold rush — Business Insider

Hedge funds and asset managers scraping the web for investment purposes represented 5% of all Internet traffic in 2018, and is expected to increase rapidly. As investors look for new ways to beat the market, total spending on web scraping for investment purposes is expected to exceed $1.8 billion by 2020. Despite information pouring in…

via Hedge funds will spend $2 billion on web-scraping software to gain an edge, and it’s part of an investing gold rush — Business Insider