Twitter: Predicting the future one tweet at a time. Welcome | Credclub

Twitter: Predicting the future one tweet at a time.

Welcome to the Twitterverse
Twitter has over 192 million active users who utilize the platform on a daily basis. A single tweet has the power to influence not just Twitter users, but everyone who uses social media in general. They have the potential to affect mass sentiment which in turn can affect the stock market.

Twitter’s new overlord
Take for instance SpaceX and Tesla Chief Elon Musk’s tweeting patterns. In January, his Twitter bio featured #bitcoin following which Bitcoin’s value jumped by more than 20% to $38,566. When he tweeted “GameStonk” in relation to the publicly traded company GameStop, its valuation skyrocketed to over $10 billion in after-hours trading.

Twitter as a tool
A recent study revealed that Twitter sentiment provided information pertaining to forthcoming analyst recommendation changes and analyst target price changes. Large moves in stock prices were influenced by information shared prematurely on Twitter. Novo Nordisk’s clinical trials of a drug were leaked on Twitter which led to an instant fall in prices of their stock due to its supposed ineffectiveness.