Poll: Would You Invest in Fund That Uses Twitter?
Twitter has become a social networking phenomenon, with more than 200 million users around the world.
Now, a London hedge fund is planning to harness the power of Twitter by making investment decisions based on real-time messages, known as tweets.
The fund's founder, along with an Indiana University professor, claim they can predict market ups and downs based on Twitter trends and the various moods of tweets, which are 140 characters or less.
Using propietary technology, the fund will monitor tweets and sort them into ten catagories, such as calm or alert or happy.
What do you think? Would you even consider investing in a hedge fund that uses Twitter to predict where the market is heading? Take our poll, share your opinion, and look for the results Tuesday and Wednesday on CNBC.
Watch Kate Kelly's "Trading on Twitter" reports on Tuesday, March 8, on Squawk Box, Squawk on the Street and Power Lunch and Wednesday, March 9, on Squawk Box, The Call, The Strategy Session and Fast Money on CNBC.