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Twitter bot plays the stock market every time Trump tweets

(BUSINESS NEWS) President Trump tweets are unpredictable and often market-moving. Austin agency, T3 has designed a bot to take cash in on this phenomenon. In the name of kittens, of course.

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Three birds, one stone

Austin, Texas is a scrappy town. We turned “weird” into a badge of honor, and we eat tacos for every meal. We do things our own way, and we do them well. And now, local “Innovation Agency” T3 is doing their part to Keep Austin Weird by playing the stock market according to Donald Trump’s tweets, and using the profits to save puppies at the ASPCA.

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Seeing an opportunity

Prior to inauguration, the world took notice of Donald Trump’s fickle, domineering, and often unpresidential Twitter presence. Ethics experts called out conflict of interest red flags left and right.

In January, cable media criticized then-President-Elect Trump’s tweeting a direct endorsement of L.L. Bean after news of board member Linda Bean’s $60,000 Trump campaign donation caused many to boycott the clothing brand. Some say he was defending someone’s right to donate to any politician they desire, others cry foul.
Opportunities abound for legal and ethics authorities to debate the legality and general singularity of a president who publicly endorses and targets brands.

This will not be definitively decided in the near future, if only because Trump just keeps it coming. No one can catch their breath for long enough to focus on any one instance of extraordinary tweeting.

Trump and Dump bot

In the meantime, though, T3 is making money. On January 30, Trump blamed Delta for airport chaos in the wake of his immigration ban, and T3 used that information to make a 4.47 percent profit.

The marketing and advertising agency built the 'Trump and Dump' bot to capitalize on the unpredictability of Trump's Twitter targets.Click To Tweet

The bot analyzes the President’s tweets for references to publicly traded companies, and then executes a “sentimental analysis” of the relevant tweets to check for words like “big problems” and “caused by” (both found in the infamous Delta tweet).

How it works

The bot then assigns each tweet a sentiment ranking, and if this ranking is low enough, the bot dashes to E-trade to borrow a bunch of the relevant company’s stock. That all takes less than a second – pretty much the same amount of time some say Trump allotted to thinking about the tweet behind it all.

Before the stock tanks, the Trump and Dump bot sells its shares, and buys them back cheap when they’ve gone far down.

Most importantly, the profits all go to the ASPCA.

“Tweets Analyzed. Stocks Shorted. Puppies Saved.”Click To Tweet

T3’s video includes all this information and more in snappy animation form.

Social and political innovation

T3 is currently the only company openly using a bot quite like this, but it’s bound to catch on. We’ve got four years of presidential power plays to put to good use.

#TrumpandDumpBot

Staff Writer, Natalie Bradford earned her B.A. in English from Cornell University and spends a lot of time convincing herself not to bake MORE brownies. She enjoys cats, cocktails, and good films - preferably together. She is currently working on a collection of short stories.

Business News

Supreme Court okays trademarking for ‘generic’ name URLs

(BUSINESS NEWS) Generic name trademarks have helped to stave off monopolies of broad products and services, but the Supreme Court just ruled that generic company names like Booking.com, can now be trademarked.

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For years, The United States Patent and Trademark Office has denied rights to names termed as “generic.” This was previously used to prevent generic terms from monopolizing a section of the market. It has prevented many companies from doing that as well.

However, as we move into the 21st century we begin to see things that may not be so cut and dry. As usual life gets messy and things are far more grey than they previously have been.

Recently, the US Supreme Court ruled that website names are eligible for a change to the previous trademark rules. The website that pushed for this privilege first, Booking.com that is owned by Booking Holdings Inc., argued that they needed this ruling to stop consumers from following copycats down a rabbit hole and away from their business.

The decision, heavily weighted at 8-1, gives Booking.com, nationwide legal protection against competing companies trademarks.

A remark released later by Justice Ruth Bader Ginsburg and the Supreme Court states, “We have no cause to deny Booking.com the same benefits Congress accorded other marks qualifying as nongeneric.” An argument quoted from the decision continues as since, “‘Booking.com’ is not a generic name to consumers, it is not generic.”

This stance, taken by the majority, exemplifies a firm position on the rights of the individual companies’ abilities to identify themselves as they see fit.

The lone dissenting vote coming from Justice Stephen Breyer who argued that he fears that this decision “will lead to a proliferation of ‘generic.com’ marks, granting their owners a monopoly over a zone of useful, easy-to-remember domains.”

Honestly, if you can’t come up with your own domain that either incorporates, but doesn’t copy, or gets your point across without being too generic, you may need to hire a PR person.

This move forward from the Supreme Court opens up a lot of possibilities for people to be creative with their businesses. If generic and simple names will be the norm, then people will have to think outside the box in the future. Bring on the challenges.

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Business News

New company beats Amazon with next morning delivery?

(BUSINESS NEWS) Amazon has a new competitor in South Korea: Coupang, with faster shipping than Prime.

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What if I told you Amazon Prime’s, 1-3 day guaranteed delivery time isn’t the fastest e-commerce service the world has to offer? You would think I’m lying right?

Coupang, one of the world’s fastest delivery services located in South Korea, allows you to order any item, anytime before midnight, promising that it will be at your doorstep by 7am! (I wasn’t lying!) With 70% of its employees living within a 10 minute radius of a Coupang center, 80% of residents residing in populated cities and 95% of it’s population owning a smartphone, South Korea has become the perfect e-commerce epicenter. Coupang employees over 10,000 people who together deliver 99.3% of all orders within 24 hours. Imagine it’s Tuesday night, you’re falling asleep and suddenly remember you forgot to get your wife a present for her 50th birthday tomorrow. You have two options: accept your fate of being put in the dog house for three long weeks, or quickly order a few great items off Coupang’s website that’ll be delivered BEFORE she even wakes up!

Like Amazon, Coupang allows its customers to create a profile, store desired products in a list, and check out using your saved payment method. Half of South Korea’s total population of 51.6 million has installed Coupang’s app with a surge of people trying Coupang for the first time during stay at home orders due to the Coronavirus pandemic. The company struggled to meet fulfillment demands, especially those including PPE, household cleaning products, and children’s necessities. While many companies are struggling to stay afloat, Coupang is quickly adapting to meet consumer demands. In March, the company opened a new logistics center to expand its overnight/same day delivery services and is currently working to reach an even broader population.

Believe it or not, right before Coupang received a $2 Billion investment from SoftBanks, its founder, Kim Bom debated walking away from it all. Bom founded the company in 2010, receiving the investment in 2018 and is expected to pursue an IPO by the end of 2020. So for all of you entrepreneurs wondering if you should give up on that decade long dream…DON’T. Coupang went from selling a few hundred items each day to 3.3 million. Now that’s what you call entrepreneurism!

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Business News

Google plans to pay publishers for content (a little too late)?

(BUSINESS NEWS) Google will finally pay publishers for news, but only a few, and they have to meet Google standards.

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I mean…could you get any greedier Google? (Chandler Bings voice).

After years and years of pressure and complaints from publishers that Google’s search feed doesn’t properly recognize them or the news they work so hard to report, Google has finally announced that they will begin to pay publishers for content. But only some.

WHAT A LOAD OF BS.

According to the News Media Alliance, Google profited 4.7 BILLION in 2019 as a search engine for the news industry. So now, not only is Google fleecing its content providers and the writers who are working to create material for them, but it’s quite likely that Google’s algorithm is pushing paid news to the top of its search feed. What does this mean for users? It means that for one, you will see what they want you to see, but most importantly, it means that Google HAS the money to pay its publishers but chooses not too!

Google’s announcement to start paying publishers excludes all publishers outside Brazil, Germany, and Australia. Even within the countries that Google closed a deal with, there are many that do not meet its “high quality content” requirement for a paid position. The problem with all this nonsense is that we stopped letting the news come from others like us, and instead, according to the U.S News Media Alliance, the news is entirely owned by a handful of companies. You may have 635 channels on your TV, but if you google…or maybe you should duck duck go it, you’ll find that all those channels lead back to one huge organization.

SO WHAT THE HELL IS GOING ON?

Google has definitely been pressured to make some big changes, and while paying publishers is a good first step in the right direction, is it enough to make up for years of damage?

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