Bot that "milks" Trump’s tweets in stock market

Feb 15, 2017, 6:51 AM EST
U.S. President Donald Trump twitter trolls set the market moving.
(Source: Gage Skidmore/flickr)

Max Braun, who works in robotics for Google X, has developed a bot that automatically trades stocks in share markets in response to U.S. President Donald Trump’s frequent twitter outbursts, which, in the past, have triggered noticeable movements in the market.

The software constantly monitors Trump’s feeds, analyzes them for their potential positive or negative impact on a publicly traded company, notifies the users and then automatically buys or sells shares to make profit, a part of which is donated to Planned Parenthood, the American Civil Liberties Union and the Natural Resources Defense Council, notes Seeker.

Recently, one of Trump’s tweets criticizing Toyota Motor for setting up a new plant in Baja, Mexico, tanked the automaker’s shares wiping $1.2 billion from the company’s value. The bot picks up such cues, performs a “sentiment analysis” if the tweet is about a publically traded company, predicts whether share prices would go up or slide and then places orders, with the entire process taking just few seconds, writes NPR.