Digital advertising firm T3 has developed a bot that analyzes Twitter messages from President Donald Trump, to determine if they contain negative comments about a company and then uses that information to short the company’s stock.
The T3 “Trump and Dump” bot examines Trump’s tweets and detects any mention of a publicly-traded company, according to Adweek. The tweets then are processed with a sentiment analysis system to determine if the message is positive or negative. Trump and Dump then automatically short sells the company’s stock.
The bot arrives at a time when many stocks are experiencing major fluctuations due to Trump’s social-media posts. Share prices for companies including General Motors and Boeing have fallen following criticism from the president.
Trump and Dump gathers data from Twitter’s application programming interface (API) and examines it using machine-learning sentiment analysis technology provided by indico.
The process of determining the tone of the tweet takes less than 20 milliseconds, enabling quick reaction to rapid changes in the stock price.
T3 said profits generated by the trading activity is being donated to the American Society for the Prevention of Cruelty to Animals (ASPCA).
Tyler Schulze is vice president, strategy & development at Veritone. He serves as general manager for developer partnerships, cognitive engine ecosystem, and media ingestion for the Veritone platform. Learn more about our platform and join the Veritone developer ecosystem today.