When the words "explosions" and "White House" popped up Tuesday on a verified Associated Press Twitter account, computers in the bare-bones offices of a New York City startup sprang into action...Dataminr, sent alerts to clients like hedge funds and government agencies about the apparent news. Shortly thereafter, the Dow Jones Industrial Average tumbled 145 points in seconds.
With access to Twitter's Firehose, representing approximately 200 million users, Dataminr uses proprietary event-detection algorithms to deliver potentially market-moving information on Twitter to its clients; often this information is not yet in news. Examples of early events Dataminr provided clients include: an outbreak of norovirus aboard a Royal Caribbean cruise that caused the ship to return to port and an indication of the likely hack of the AP verified Twitter account, after one of its tweets falsely mentioned an explosion at the White House.
A tweet reporting explosions at the White House appeared on the Associated Press's official feed Tuesday afternoon, sparking a temporary sell-off that briefly wiped out about $140 billion in market value on the S&P 500....Within minutes, analytics firm Dataminr issued an alert saying the AP account was probably hacked, citing another tweet by a reporter in the White House basement...
Yesterday the Dow Jones Industrial Average dropped 146 points within seconds after a hacked AP account falsely claimed the White House was under attack. While the market recovered quickly after the hoax was exposed, it showed just how many Wall Street traders were now relying on Twitter for trading information. Dataminr says it was able to alert its clients to the hoax a full two minutes ahead of major news...
Investors can minimize the risk of being conned by only trusting the Twitter accounts of established users and independently researching any tip or rumor...
The Presidential Inauguration Committee worked with Twitter monitoring firm Dataminr to detect potential security threats during President Barack Obama's inauguration ceremony last week...
Dataminr, a New York City-based social media analytics company, just raised $13 million in series B round fundraising this September, adding to the $3.5 million in venture funds it already has. The company's favorable access to Twitter's "full firehose" of ceaselessly flowing data and its unique approach to data analysis and prediction has attracted funds...
The social media analytics company identifies trends and anomalies in real time across Twitter to create actionable signals for financial firms and governmental organizations. Examples of early awareness include a fire at a Chevron oil refinery in California that lead to a spike in gasoline prices and delivery of the news of Osama Bin Laden's death prior to major sources.
Dataminr, which turns Tweets into high-frequency trading news and has been tagged as one of the Twitter CEO's favorite startups, has just raised $13 million from institutional and private investors, the company announced.
Dataminr, a New York City startup, introduced a Twitter-powered sensor network in April that allowed its financial and government clients to use Dataminr as an early warning system for news and trends. Now, the company has raised $13 million in Series B financing to build out its service and go after new clients...
Meanwhile, there is a thriving ecosystem of Twitter developers building products and services that address these needs and help businesses grow. To make it easier for businesses to find the right tools, we're launching the Twitter Certified Products Program. Certified Products represent some of the best offerings in these three categories...
Dataminr is an analytics company that draws trends from social networks for various business clients, and today it revealed a partnership with Twitter that grants it access to over 340 million tweets a day - data points that will be used to create what the company calls "one of the earliest warning systems for breaking news and emerging events." The company claimed last year that the technology had relayed news of Osama Bin Laden's death to its clients before the story had been reported by major media outlets. The use of Twitter for breaking news in recent years has grown both for firsthand users of the service and even for general audiences through broadcast outlets like CNN - and Dataminr joins other companies already using big data from from Twitter.
Dataminr, a New York social media data analytics startup, this morning announced a partnership with information deliver and social network company Twitter, giving it access to the latter's full Firehose.
Dataminr, a New York-based start-up that has been quietly building a global sensor network powered by Twitter, is introducing its technology to the public Monday, showing how its real-time engine can act as an early warning system for enterprise and government customers. Dataminr has signed a partnership with Twitter to access its firehose and is analyzing it in dozens of ways, helping surface breaking news, critical information or highlighting trends from emerging events.
The company, Dataminr, described its technology at the Twitter Devnest conference last May, shortly after its service used Twitter data to report bin Laden's death to its clients before the story hit major media outlets. Today, Dataminr is announcing a partnership with Twitter allowing it greater access to tweets and their metadata, and is expanding availability of the service.
"At any given moment, there are millions of voices on Twitter telling us what's happening in the world," said Satya Patel, Twitter Vice President of Product. "We're excited to have Dataminr apply its technical prowess to help enterprise clients identify events that are the most relevant to them."
"At any given moment, there are millions of voices on Twitter telling us what's happening in the world," said Satya Patel, Twitter Vice President of Product. "We're excited to have Dataminr apply its technical prowess to help enterprise clients identify events that are the most relevant to them."
Sarver replied that analytics and entreprise were two arenas where developers should focus, "We're bullish on analytics." He referred to the analytics and enterprise curation space as hot, and brought up the recent acquisition of Radian 6 by Salesforce by $300 million. He also referred a to company called Dataminr as an example of an "ideal" Twitter app...
When asked about Twitter ecosystem opportunities at a recent press event, CEO Dick Costolo brought up DataMinr, a New York-based data analysis provider for hedge funds...