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

9:11am PST - February 11th, 2019    daily search trends - 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 purpo…