Support NeoGAF

[Majine]

It won't be long before Twitch Runs the Government.

Aren't they already?

/Say NATO is obsolete
/Say NATO is no longer obsolete
Ffs guys cooperate
/Tweet Fuck germany

 

[robotrock]

This is incredible

 

[Swiggins]

In a public setting, one share at a time? Hard to make huge amounts of money doing that...

That's the plan, make everybody think it's harmless, "it won't amount to anything" and then BOOM!

 

[Compsiox]

Thank god the market closes or I wouldn't get anything done ever.

 

[XiaNaphryz]

Is this even legal?

Should be, we have stuff like this:

https://www.t-3.com/works/the-trump-and-dump-bot/

The Challenge
How can we positively handle the unpredictability of Donald Trump’s tweets?

The Insight
Stocks move in split-second response to real-time information. When the 45th President of the United States tweets about a company moving to Mexico or doing anything he doesn’t approve of, their stock starts to tank. We saw an opportunity, but one that required reactions so fast we couldn’t rely on a human.

The Solution
Enter the Trump and Dump Trading Platform. Using artificial intelligence, the Trump and Dump Platform identifies Trump’s tweets mentioning publicly traded companies. The algorithm assesses sentiment instantly. Tweets likely to trigger a stock drop are immediately shorted, with notifications delivered via Slack. As we close the short, any captured profits are donated to the ASPCA. So the whole thing actually saves puppies.

While the concept is funny, it’s actually a complex technical solve: Twitter monitoring, sentiment analysis, complex algorithms, real-time stock trades—all in a matter of seconds.

 

[gaugebozo]

First, I guaruntee any money he loses will he covered under the marketing budget. Second, how often can they trade? This is going to get eaten up by fees.

 

[Bandini]

I'm kinda bummed that Twitch is banned at work now. I love this.

 

[kylecoley182]

IM GOING TO BE RITCH

 

[Maxim726X]

ALWAYS BET ON DBZ

 

[Blizzard]

Gary Oak seems like the sort of person to be an obnoxiously rich stock trader.

 

[Krakatoa]

Are they paying commissions? If so all those tiny trades are going to kill their returns.

Maybe they are using Robinhood for free trades.

 

[FreddieQuell]

First, I guaruntee any money he loses will he covered under the marketing budget. Second, how often can they trade? This is going to get eaten up by fees.

Maybe they are using Robinhood for free trades.

They are using robinhood, no fees.

 

[Lautaro]

Aren't they already?

/Say NATO is obsolete
/Say NATO is no longer obsolete
Ffs guys cooperate
/Tweet Fuck germany

Everything makes sense now!

 

[Alcotholic]

I wish I had 50k to burn on a weird internet experience.

 

[Compsiox]

Maybe they are using Robinhood for free trades.

whats the catch?

 

[Unknown Soldier]

So what happens when this portfolio reaches a value of $1 billion? Will everyone who participated share the final payout?

 

[backflip10019]

Already up $173 overall. This continues to fascinate me.

 

[NandoGip]

Already up $173 overall. This continues to fascinate me.

thats like what? 0.3%? gains are gains am i right

 

[Krakatoa]

whats the catch?

Robinhood earns revenue by collecting interest on the cash and securities in Robinhood accounts, much like a bank collects interest on cash deposits.

 

[JohnsonUT]

whats the catch?

I admit mostly ignorance, but it seems like their model is to 1) utilize cash in the user accounts for interests and possibly loans and 2) build services on the platform that do require subscriptions. Advice, automation, analysis, etc

The real business model is likely to get a giant user base and then swim in all that VC cash while they try to figure out how to become profitable.

 

[Woetyler]

Surely nothing can go wrong.

 

[Bandini]

I admit mostly ignorance, but it seems like their model is to 1) utilize cash in the user accounts for interests and possibly loans and 2) build services on the platform that do require subscriptions. Advice, automation, analysis, etc

The real business model is likely to get a giant user base and then swim in all that VC cash while they try to figure out how to become profitable.

I was reading a month or two ago that they just got 1.3b in new investments (as in, outside investments, not client liquidity.) They won't run out of cash any time soon.

 

[dorn.]

thats like what? 0.3%? gains are gains am i right

In a single day? That works out to 298% annualised if I'm not mistaken.

 

[itsbenoclock]

This is the next generation of gameshow.

 

[OmegaFax]

This sounds like gambling or something not condoned by the FTC. It could come down to a weird rule or needing to be a licensed accountant in a certain state or if the trader is taking advice from users under a US trade embargo. Though, may be totally speaking out of my ass on this one. Twitch needs to draw a line somewhere.

 

[Bronx-Man]

Buying Tesla stock is smart

 

[HvySky]

Now's the time to invest in Gofobo. That shit's gonna shoot right back up after E3.

 

[smisk]

Buying Tesla stock is smart

After reading that thread yesterday about Amazon approaching $1000, I'm convinced that's gonna be Tesla in like 10 years. I already have a few thousand in shares but if it goes below $300 in the near future I'm gonna dump all my money in.

 

[robotrock]

This stream is so watchable i love it

 

[Oni Jazar]

What's up with VER and TWO being bought at 0.00? Also where can you see the entire portfolio?

 

[Akuun]

It won't be long before Twitch Runs the Government.

Well, Twitch chat might actually do a better job than the current administration. I can't believe I'm saying that.

 

[StanleyStutters]

Well, Twitch chat might actually do a better job than the current administration. I can't believe I'm saying that.

Fire all the nukes. Kappa

 

[Tenck]

Should be, we have stuff like this:

https://www.t-3.com/works/the-trump-and-dump-bot/

That name is amazing.

 

[Regiruler]

I don't get how you're scored. Almost nothing I've voted for has ever been the resultant vote, yet I have over 2000 points.

Also, how do I know if a vote is registered correctly?

 

[Blizzard]

ARE YOU READY TO RUMBLEEEE

It's live again. You can see votes in the window on the right side.

Also I see that the game ends if the account value falls below $25,000. I'm not sure if that's a new change or not.

 

[Blizzard]

They're up $800 as of today. I'm wondering if they can hit $1000 by the end of the week.

 

[gutshot]

I don't get how you're scored. Almost nothing I've voted for has ever been the resultant vote, yet I have over 2000 points.

Also, how do I know if a vote is registered correctly?

Doesn't matter if your vote wins or not.

• At the end of each 5 minute voting round, we calculate which trade you voted for the most times, and store it for 5 more minutes.
• After those 5 minutes, your trade will be scored based on the return on investment made by that trade.
• If you voted to buy a stock and that stock went up, you will win points based on how much it went up. If it went down, you'll lose points based on how much it went down.
• Scoring of the sell votes is the opposite, if you vote to sell and that stock goes down, you win points, if it goes up, you lose points.

 

[Blizzard]

Interestingly, it appears some of the gains are inflated because Robinhood gives free stock when a referral link is used, and naturally newspapers are drawing attention to the Twitch stream and its referral link. I'm not sure if this adds to the stock portfolio since the start or not.

On another note, someone in the chat mentioned wash sales -- buying or selling the same or similar stock within a 30-day period. Obviously a ton of transactions here would be wash sales, and that could result in crazy tax results. I'm not sure whether Robinhood even handles that properly.

 

[Makai]

Your donations will be transferred to the Robinhood account and used for trading!

All donations receive an on-screen Thank You, and your Donation Message.

This is brilliant

 

[Blizzard]

At the end of the day they still seemed to be up about $850 according to the stream, but the unofficial tracker site https://stockstream.abal.moe/ shows the value as $46600.14 for some reason. Is that just a bug with the other site?

 

[m_shortpants]

Whoever runs this is gonna have a fun time doing taxes

 

[apieceofstrange]

This is brilliant

This makes the whole thing a lot less impressive to me since I would imagine they've gotten over $1,000 in donations and free stock referrals by now. Do their performance numbers account for this or does that mean the portfolio has actually lost money?

At the end of the day they still seemed to be up about $850 according to the stream, but the unofficial tracker site https://stockstream.abal.moe/ shows the value as $46600.14 for some reason. Is that just a bug with the other site?

That's the security value. Add back the cash to get portfolio total.

 

[Blizzard]

To answer my own question, they're up almost $2000 already. I don't know how much of that is free stock shenanigans from Robinhood though.

 

[backflip10019]

So, this is crazy. Streaming news network Cheddar just bought StockStream:

https://blogs.wsj.com/moneybeat/201...icking-game-acquired-by-news-network-cheddar/

 

[kingslunk]

Lmao this is genius