Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
App That Lets Users Mimic Stock Trading Of Lawmakers EXPLODES In Popularity
Posted
March 23, 2024
Views
95,392
Likes
3,546
Comments
607
Engagement
4.35%
March 23, 2024
95,392
3,546
607
4.35%
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13:35Now PlayingA new app called Autopilot lets users mimic U.S. lawmakers on how they buy and sell stocks. Cenk Uygur, Ramesh Srinivasan and Ben Gleib discuss on The Young Turks. | Your Support is Crucial to the Show
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"An app allowing its users to trade like members of Congress and leading investors just broke $100 million in total investments. Despite its success, the app's cofounders adamantly say they hope it leads Congress to ban themselves from trading.
Released in January 2023, Autopilot pulls trading data filed by members of Congress and allows users to copy their trades. Since the passage of the Stop Trading on Congressional Knowledge (STOCK) Act in 2012, members of Congress are required to report each of their and their immediate family's investments within 45 days or face financial penalties."
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