Quote:
Originally Posted by Rain Man
Out of curiosity, why? I was just looking into that stock.
|
It’s kind of a convoluted mess, but Bayer (now) owns Monsanto. Monsanto owns Climate Corp. Climate has an application that takes application data. So Climate knows what it’s users are putting on in terms of varieties, herbicides, fertility, and most importantly, yield.
That’s not a new thing.
But what is new is they have some partnership with Tillable. Tillable is a marketplace type application that landlords can list their property and tenants can bid on it. WELLLLL it turns out they were using Climate data to “suggest” rental prices on some of the fields they had data for.
So they took data from their customers and used it to **** them.
So as soon as it came out Climate “ended their partnership with Tillable”.
There isn’t a lot of pub nationally on it but there is real pushback in the farm community.
It may not amount to shit in terms of stock price. But between it and the roundup nonsense (which I don’t think will amount to much but don’t take that advice). But there were some pretty alarming retention rates for Climate. It may cascade into something it may not. But I’d steer clear.