Day Traders of Charity
A new online charity called Watsi allows users to read personal tales of medical woe in emerging markets and contribute up to the total amount needed to pay for a particular patient’s treatment. But Watsi resembles a day-trading site: investors buy and sell stocks relentlessly, without helping to build the underlying businesses.
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LANGKAWI, MALAYSIA – An online charity organization is taking Silicon Valley by storm. Called Watsi, the charity allows users to read personal tales of medical woe in emerging markets and contribute up to the total amount needed to pay for a particular patient’s treatment. Many might say, “How nice!” But I say, “Hold the applause.”