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How StockTwits Uses Machine Learning to Make Better Products

Learn how StockTwits uses Data Science and Machine Learning to build new products. Read my notes from Garrett Hoffman's interview
How StockTwits Uses Machine Learning to Make Better Products
Photo by Arseny Togulev / Unsplash

Fascinating behind the scenes interview of StockTwit's Senior Data
Scientist Garrett Hoffman.

He shares great tidbits on how StockTwits uses machine learning for
sentiment analysis. I've summarized the highlights below:

  • Idea generation is a huge barrier for active trading
  • Next gen of traders uses social media to make decisions
  • Garrett solves data problems and builds features for the StockTwits
    platform
  • This includes: production data science, product analytics, and
    insights research
  • Understanding social dynamics makes for a better user experience
  • Focus is to understand social dynamics of StockTwits (ST) community
  • Focuses on what's happening inside the ST community
  • ST's market sentiment model helps users with decision making
  • Users 'tag' content for bullish or bearish classes
  • Only 20 to 30% of content is tagged
  • Using ST's market sentiment model increases coverage to 100%
  • For Data Science work, Python Stack is used
  • Use: Numpy, SciPy, Pandas, Scikit-Learn
  • Jupyter Notebooks for research and prototyping
  • Flask for API deployment
  • For Deep Learning, uses Tensorflow with AWS EC2 instances
  • Can spin up GPU's as needed
  • Deep Learning methods used are Recurrent Neural Nets, Word2Vec, and
    Autoencoders
  • Stays abreast of new machine learning techniques from blogs,
    conferences and Twitter
  • Follows Twitter accounts from Google, Spotify, Apple, and small tech
    companies
  • One area ST wants to improve on is DevOps around Data Science
  • Bridge the gap between research/prototype phase and embedding it into
    tech stack for deployment
  • Misconception that complex solutions are best
  • Complexity ONLY ok if it leads to deeper insight
  • Simple solutions are best
  • Future long-term ideas: use AI around natural language