Breaking News Bar
updated: 2/21/2013 12:57 PM

IU professor patents tweet-analyzing software

Success - Article sent! close
Associated Press

BLOOMINGTON, Ind. -- An Indiana University professor has received a patent for his software that analyzes millions of tweets to predict where the stock market is headed.

WTHR-TV reports IU associate professor Johan Bollen and his fellow researchers spent years working on the software. Financial institutions and retailers have expressed interest in the program.

Order Reprint Print Article
Interested in reusing this article?
Custom reprints are a powerful and strategic way to share your article with customers, employees and prospects.
The YGS Group provides digital and printed reprint services for Daily Herald. Complete the form to the right and a reprint consultant will contact you to discuss how you can reuse this article.
Need more information about reprints? Visit our Reprints Section for more details.

Contact information ( * required )

Success - request sent close

The software sorts and scans a half-billion tweets per day to measure the country's collective mood. Bollen said the software picks up the most important topics, reads the tweet and assigns values to them.

IU researchers have found that when people get more anxious there is a good chance of the market dropping three or four days later.

Share this page
Comments ()
Guidelines: Keep it civil and on topic; no profanity, vulgarity, slurs or personal attacks. People who harass others or joke about tragedies will be blocked. If a comment violates these standards or our terms of service, click the X in the upper right corner of the comment box. To find our more, read our FAQ.