President-elect Donald Trump actively and frequently tweets about public companies — so much so that the finance app Trigger will start giving you the option to trade stocks following Trump’s statements on the platform, reports Business Insider.
Trump’s Twitter presence has evidently grown more than prolific, increasingly so as his inauguration is just weeks away. Trigger is jumping on the possible consequences of even just one tweet.
“While it’s no surprise that Trump has been actively tweeting since the election, no one anticipated that a single tweet could potentially eradicate billions of dollars in market cap from large companies,” the company wrote in a blog post. It then posted a screenshotted tweet Trump sent about General Motors (ticker: GM) on Tuesday.
General Motors is sending Mexican made model of Chevy Cruze to U.S. car dealers-tax free across border. Make in U.S.A.or pay big border tax!
— Donald J. Trump (@realDonaldTrump)
Business Insider points to other companies Trump has tweeted about, including Apple (AAPL), Amazon.com (AMZN) and more.
The @washingtonpost, which loses a fortune, is owned by @JeffBezos for purposes of keeping taxes down at his no profit company, @amazon.
— Donald J. Trump (@realDonaldTrump)
Boycott all Apple products until such time as Apple gives cellphone info to authorities regarding radical Islamic terrorist couple from Cal
— Donald J. Trump (@realDonaldTrump)
The app is meant for people to set up financial triggers for various circumstances, like selling a stock when it moves to a specific price or moves to a one-year high or low.
Trigger points out that political “tweet” risk isn’t foreign to Wall Street hedge funds nor professional investors. But individual investors could benefit from the app’s latest feature. It’s also a jumping off point for the company to rely on more than just price-based data and apply “IF this, THEN that rules” based on global events, according to the same news release.
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Protect Your Portfolio Against Donald Trump Twitter Tantrums With This App originally appeared on usnews.com
