Hide Your Money: Tweets Officially Influencing Wall Street Trading Desks

Folks have been speculating for a while now about Twitter’s ability to predict the stock market.

There have been companies promising to make predictions about future stock price movement based on Twitter sentiment and one professor even secured a “Twitter mood predictor patent” in an attempt to do the same.

If you own stock, you may have dismissed the above as hogwash and paid the whole thing little mind, but you better not dismiss this, because tweets will now be displayed on trading desk terminals.

Buy gold, dig a hole and bury it.

According to The New York Times, Bloomberg plans to incorporate tweets into its data service.

AW+

WORK SMARTER - LEARN, GROW AND BE INSPIRED.

Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in