Twitter to be Used to Predict Stock Market
Twitter has been used to spot baby bumps and what people would do if they had super powers, but now it’s getting serious: a family-owned hedge fund will offer investors the chance to use Twitter to measure the mood of the stock market.
Bloomberg reports that Derwent Capital Markets will be trading with 25 million pounds based largely on how Twitter reacts to the financial climate. Their Twitter-vestment experiment will start in February.
The hedge fund will measure words such as “calm” to see whether their frequency rises or falls below average.
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