Yahoo! Research Labs has a pretty cool new app out making markets out of buzz called Buzz Game. It uses the Yahoo search engine to identify hot topics and assigns a dollar value based on that. When you sign up, you get $10,000 to trade for an can invest as you see please.
Now the reason this is terribly interesting is of course that they have a Web Application Frameworks market. And as I spotted this, I saw that Rails was already trading at twice the value of number two (Flex) and more than four times the value of Java. Wow!
Puzzled as to what all this would mean, I asked recognized internet entrepreneur Thomas Madsen-Mygdal. As the founder of internet conference Reboot, co-founder of wifi hotshot Organic, and a slew of other companies, I knew he would know. While Rails was trading at $22, he predicted:
I see the core fundamentals in the Rails market taking it to 80 dollars six months. A strong buy recommendation.
Holy moly! That’s a four-fold increase prediction right there. Not one to distrust Thomas, I immediately invested all my starting capital of $10,000. Are you in yet?