Article written by Sharon Fisher on Built in Idaho
You may remember, early last year, when stock in several companies – notably GameStop, but also AMC – suddenly boomed due to discussions on social media. A Boise startup, ChatterQuant, is working to capture such movements as they happen.
The company already has 12,000 customers and won the Idaho Entrepreneur Challenge pitch competition and at Hackfort.
“We collect data on different social media platforms in real time to identify social sentiment around stock, positive or negative, then we extract price targets, what price people are buying or selling, and entry and exit prices,” said Christian Perry, founder and CEO. The company also can make other insights, such as whether people are converging on certain topics – which stocks are most closely associated with Russia, for example.