This Bot Shorts Stocks Based on Trump’s Tweets – Bloomberg

This Bot Shorts Stocks Based on Trump’s Tweets – Bloomberg – Meet the Trump and Dump bot, a computer program that automatically shorts stocks based on Trump’s tweets. Created by the advertising agency T3, the software extracts companies named in the president’s tweets and analyzes their sentiment. If the tweet is deemed negative, the bot will short the stock within seconds and then send an alert to T3.

“What do you do when Trump is tweeting about these companies and their stocks are going down?” said Ben Gaddis, president of T3. “One of the guys in the New York office over Slack said, ‘What if we do this?’”

Within five days of the first conversation, the bot was up and running, Gaddis said. Among the opportunities for the bot was a tweet that Trump fired on Jan. 5 that criticized Toyota’s plan to build a new plant in Baja, Mexico. Toyota shares fell as much as 3.1 percent following Trump’s criticism.

Advertisements
Longreads

The best longform stories on the web

REVOLUTIONS IN MY SPACE: A BLOG BY RITA BANERJI

"In a time of universal deceit, to tell the truth is an act of revolution." ~ George Orwell

parallax

The view from here ... Or here!

Emanzipatorische Antifa Wuppertal

Antiautoritäre, Solidarisch, Antifaschistisch

The Campaign to Fight Toxic Prisons

organizing resistance at the intersection of mass incarceration and the environment

British prisons: a personal account

“ I don't like jail, they got the wrong kind of bars in there." Charles Bukowski

Shiraz Socialist

Because there have to be some lefties with a social life

Melbourne Antifascists

Touch One, Touch All

DISACCORDS

An anarchist news blotter following events in Oceania & South East Asia

Maruti Suzuki Workers Union

Inquilab Zindabad! Mazdoor Ekta Zindabad!

In Moscow's Shadows

Analysis and Assessment of Russian Crime and Security

thekooriwoman

Gomeroi. This is MY truth.

Secular Pakistan

No Talibanisation, 'Honour' Killings, Blasphemy Vendetta

Transform Society

A site that educates & inspires souls

Ahona

Mariam Zohra D

My Name is Jamie. My Life in Prison

Letters shared with Sonni Quick

Free Haifa

Reading, Writing and Freedom Arithmetics

A Black Writer in Berlin

The official blog of Phil Lewis, award-winning novelist, essayist, poet, critic, artist and composer