(POLITICS/ANIMAL WELFARE) While President Trump’s environmental policy is practically nonexistent, and his stances on animal welfare issues don’t look very promising–believe it or not–his controversial tweets are actually helping animals in need.
Thanks to a program devised by techies at Austin-based T3, a marketing and technology company, profits made from bot-directed stock trades are donated to the American Society for the Prevention of Cruelty to Animals (ASPCA).
How does it work? The “Trump & Dump” artificial intelligence program takes advantage of Trump‘s market-moving tweets that target individual companies like Boeing and Toyota. The bot identifies whether the tweet reflects a positive or negative sentiment, and then executes a speedy trade.
Read on to learn more about how Trump’s tweets are, albeit inadvertently, saving animal lives. — Global Animal
The Hindu, AFP
Techies have come up with an initiative to execute quickfire stock trades to take advantage of U.S. President Donald Trump’s Twitter habit of hitting out at individual companies.
And the President’s tweets are saving puppies, since when the programme earns money, the funds are donated to an animal welfare group.
The artificial intelligence program identifies Mr. Trump’s market-moving tweets, assesses instantaneously whether the sentiment is positive or negative and then executes a speedy trade.
Ben Gaddis, president of Austin, Texas marketing and technology company T3, said the idea was sparked by watching Mr. Trump’s actions during his transition, when Twitter attacks of companies such as Boeing and Lockheed Martin sent the share prices tumbling.
“Everyone is asking themselves how to deal with the unpredictability of Trump’s tweets,” Gaddis said. T3’s response was to develop a “bot,” a piece of software that does automated tasks, to trade on the information.
The company has so far been pleased with the results, which has yielded “significant winnings” on two occasions and a “slight” loss on a third trade, Mr. Gaddis said.
In early January, T3 scored a “huge” profit by betting Toyota’s share price would fall after Mr. Trump lambasted the automaker for building cars in Mexico, it said in a short video on the T3 website.
The time lag between Mr. Trump’s tweet and T3 trade was only a second, according to the video.
T3, which has pictures of numerous dogs on its website and describes itself as having “dog friendly offices” is donating the earnings from the bot-directed trades to American Society for the Prevention of Cruelty to Animals (ASPCA).
“So now, when President Trump tweets, we save a puppy,” the video.