The £25 milllion ($40.5 milion) hedge fund is basing investments on an analysis of 10% of the 10 million tweets sent daily. The firm applies trading algorithms and sentiment analysis to those tweets before making its bets. (We’ve written about why social media analysis makes financial sense.)
Derwent may be the first boutique investment firm to take this approach, but the idea of using information gleaned from social networks as a stock market predictor isn’t new. StockTwits, for instance, is a popular third-party Twitter app that provides a forum to discuss investment-related matters. Others in the space include Chart.ly and Covestor.
Three computer science students at Cornell — Johan Bollen, Huina Mao and Xiao-Jun Zeng — also authored a paper, which found that monitoring sentiment in tweets yielded was 87.8% accurate in predicting the “daily up and down changes in the closing values” of the Dow Jones Industrial Average. The Financial Times has also reported that a fund in starting up in Japan will base its investments on sentiment found by analyzing blogs.
The shot itself is a rare enough event, but what happened next was an eye-opener for the photographer. According to Mashable, within a few hours of uploading the launch pics to Twitter from her iPhone, Stephanie was getting phone calls from ABC, CNBC and the BBC. Her follower count on Twitter went up by over 1000, and she was getting so many @mentions as a result of the pic that she had to shut them off so her iPhone’s battery didn’t get drained.
Other people on the plane took pics, but apparently none of them uploaded them to Twitter. The real draw of this story isn’t that the photo was taken with an iPhone — people use the device to take extraordinary pics all the time — but the colossal and immediate response the photographer got after sharing it. This scenario shows just how interconnected everything has become today thanks to devices like the iPhone, and it’s a trend that’s only going to become more powerful as more people start sharing information this way.
While Facebook gets a lot of the attention when it comes to ‘sexy’ marketing campaigns by brands, there are some great examples from Twitter, that show how brands are using the platform to their advantage, to engage with followers in new ways. We’ve put together a list of some of our favourite Twitter marketing campaigns, to provide you with some inspiration and great case studies for reference :
The Volkswagen Twitter Zoom
A great example of a live and interactive Twitter campaign from Volkswagen in February this year, to promote their sponsorship of the Planeta Terra Festival. They hid tickets to the festival all over the city, and shared the location with users via a map. The trick was however, that the map (using Google Maps) would only zoom in to reveal the locations based on how many people shared the hashtag #foxatplanetaterra on Twitter :
The campaign was a huge success for Volkswagen, as within 2 hours the hashtag was a trending topic in Brazil – not an easy feat. This campaign also worked because it was incredibly targeted to the right audience. They wanted to promote the festival to local people, and this was achieved by integrating the online element with the real-world treasure hunt. The great thing about this campaign is that it’s a relatively simple mechanic, just done really really well. There was no investment in an expensive app, just a creative an engaging campaign that got people hunting all over the city and engaging with the Volkswagen brand.
Ben and Jerrys Fair Tweets
An excellent , live campaign from Ben and Jerry’s that was recently launched to raise awareness of World Fair Trade Day. The application is run via a microsite that puts all your unused Twitter characters to good use, by filling them out with messages that promote the cause :
The site is incredibly easy to use. You simply type out your tweet as you normally would, and Ben & Jerry’s do the rest for you, populating your tweet with their messages, which decrease the more you write. The good thing about this campaign is that it requires very little from the user. Often you see campaigns that require you to connect with an app, perform a task and then auto-tweet it to promote a good cause, but this is simply fun, quick and quirky and a great way to spread awareness. The concept also resonates with Twitter users because it has such careful consideration of the platform as well. If you’re not going to use the characters yourself, why not virtually donate them to a good cause?
Radioshacks Promoted Tweets
A brilliant example here of a company using Twitter’s new Promoted Tweets product to create an engaging and personalised Twitter experience for people. Radioshack ran their sponsored tweet, asking people to upload a picture of themselves with their hand stretched out, accompanied by the hashtag #ifihadsuperpowers , for the chance to win a prize. At the time of the promotion, users weren’t really aware of why they were doing this, but given the chance to win a prize, people will surely give it a go! What came next was a surprise, as the team behind Radioshack spent the day transforming the photos to individually add a mask and a cape, and tweet the new photo back to the user :
The combination of an interactive campaign and the Promoted Tweets product clearly works for Radioshack, as it’s not the first time they’ve experimented with this. At a conference to discuss their previous Twitter ad campaign, CMO Lee Applbaum claims that the ROI was ‘stratospheric’, with a sponsored tweet receiving 65 million impressions within 24 hours. Though of course a tweet from Lance Armstrong helped as well.
Nestle Live Tweet Ads
A brave campaign from Nestle here, coming as an early example of a brand integrating Twitter into their ad campaign. In 2009, Nestle launched an innovative ad format that served up realtime tweets all across the web. They launched the ad units on different sites, and asked questions related to parenting such as ‘How do you stimulate your child’s mind?’. Users that were logged into Twitter could then fill out these ads directly with their answer. The comments then appeared in the online ads, as well as going into Nestle’s Twitter feed. All the comments were premoderated by Nestle, a fairly crucial part in the success of this campaign. This is one of the only Twitter examples I’ve seen of this kind, with a brand putting it’s ad messaging firmly into the hands of the user. It’s a great example of a company relinquishing control of their brand and deciding to let the their community do the talking. This was also a good example of a fully integrated social media campaign, as users who clicked on the ads instead of populating them with a tweet, were taken to a Youtube channel containing promotional videos, tips and advice on parenting courtesy of Nestle. They can get it right sometimes!
The Jeep Puzzle
An adventurous campaign from Jeep here, courtesy of Leo Burnett Iberia, to promote their latest model. They created the online puzzle using new Twitter profiles, which users had to follow in order to unlock clues. Each Twitter profile was following a further 12 Twitter profiles, that contained a picture clue. Each profile picture was a piece in the puzzle. This was brought back strongly to the Jeep brand, as the images were pictures of scenery only accessible with a Jeep. It might sound a little complex, so check it out in action below :
Now for some this might seem like quite a convoluted campaign, but what I like about this is that it shows a real understanding of the Twitter platform, taking an aspect we would all be familiar with (the layout of profile pictures of who you’re following) and bringing it to life in a new way. As with other examples as well, it shows what’s possible when you get creative and use the Twitter platform functions available to you, in a completely new way to entice your users into engaging with your brand.
By now it’s common knowledge that the news of Osama Bin Laden’s death broke on Twitter. Donald Rumsfeld’s Chief of Staff, the fresh-faced Keith Urbahn, was the first credible source to issue the news on Sunday at 10:24pm ET, long before President Obama spoke, and Urbahn’s tweet was the one that went viral.
All this we knew — but now, with an exhaustive analysis of 15 million tweets by New York company Social Flow, we can actually see Urbahn’s post exploding into the Twitterverse. “Within a minute, more than 80 people had already reposted the message,” the company writes in its blog post. “Within two minutes, over 300 reactions to the original post were spreading through the network.”
Social Flow’s visualization, above, also reveals a new and previously little-known player in the Urbahn tweet drama: New York Times digital media reporter Brian Stelter. He’s at the center of the second dandelion-like hub of retweets, at bottom right in the picture. Other Twitter accounts played their part in passing the news from one of these highly influential Tweeters to another, including @ObamaNews and @LaughingSquid — the latter being a San Francisco-based website full of quirky ephemera.
What can we learn from this chart? That trustworthiness, in a universe of tweeters spouting all sorts of speculation, is more important than ever. Urbahn, 27, didn’t shout about his insider connections, but enough people read his bio to understand that he was likely to have good sources inside the Pentagon. And for all the talk of Twitter making journalists of us all, it seems we still desire validation from a reporter from a major media organization.
And maybe — just maybe — the number of followers you have on Twitter matters less than who and how active they are. Urbahn didn’t have a record-breaking number of followers (who then numbered a little more than 1,000, or about 6,000 fewer than he has now), but his tweet went viral nonetheless, thanks to those followers going to bat for him. Stetler has more than 55,000 followers and tweets obsessively, but ultimately his influence was slightly less important here than Urbahn’s.
“Keith Urbahn wasn’t the first to speculate Bin Laden’s death, but he was the one who gained the most trust from the network,” writes Social Flow. “And with that, the perfect situation unfolded, where timing, the right social-professional networked audience, along with a critically relevant piece of information led to an explosion of public affirmation of his trustworthiness.”
NBC News compiled an interesting infographic detailing how people watched the Royal Wedding last week, including data about live video streams, tweets and Tumblr notes. Check it out: