StockTwits Evolves, Becomes Must Use Site For Traders
Michael Arrington
Feb 18, 2010

It was only a few months ago that StockTwits, a real time platform for stock traders to share information, broke away from Twitter and forged ahead on its own. Part of that separation was the creation of a desktop AIR application that created an entire investor ecosystem, including video, news and charts. Now those features are appearing on the StockTwits site itself, at beta.stocktwits.com. For now the company will run the old and new sites side by side and give users a period of time to get comfortable with the beta site.

Co-founder Howard Lindzon suggests five things that new StockTwits users will want to do on the new site: watch the suggested user stream, peruse charts shared by other users, check out specific filtered ticker pages (example), watch the 24-hour StockTwits TV stream, or contribute your own content.

Last month StockTwits acquired a financial news site and continues to bring in authoritative voices to share their trading strategies via blog posts and video.

StockTwits is like cocaine for hard core traders, They started long ago with just a filtered stream of Twitter messages that touched on stocks. But they’ve continued to add resources that traders want and need to their product suite. I won’t be surprised if more than a few of the big financial guys make a run for them this year. There’s so much concentrated activity flowing through StockTwits that any number of suitors will be eager to take control of this community.

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  • http://www.facebook.com/profile.php?id=666129201 Sanjay Borra

    stocktwits hyperlink is broke… there is ‘,’ instead of ‘.’ after www

  • http://SINLetter.com Asif

    Even if StockTwits doesn’t provide actionable trading information most of the time, it has been a great tool to connect with other intelligent investors and traders as well as get opinions on thinly traded companies.

  • http://www.timothysykes.com Timothy Sykes

    It keeps getting better…amazing that so few/no other financial media outlet is updating their sites so quickly…this is evolution at its finest

  • michael

    I absolutely love Stock Twits. It is a fun time waster for me personally.

    Way to go guys.

  • http://iptiam.com iptiam (iPad Therefore I Am)

    I think the smartest move from their part has been to move away from the “only twitter” thing and expand into other sources of info. Buying their way into becoming an authoritative voice is sadly the only choice they had. this is true of the finance domain overall.

  • mike

    As a day trader, I would never, ever, go here during the day. Listening to people suggest trades and speculate only ends in failure. Just look at Yahoo message boards for stocks.

  • Chris Chach

    I disagree. I think it’s an awesome community full of some of the smartest people on Wall St. It gives you access to actionable news and ideas well before MSM gets it to you. I’m proud to be a member of the community and I think it will only continue to grow over time and get better and better. This is a homerun for Howard.

  • http://www.facebook.com/profile.php?id=506991550 Ivan Lazarte

    It’s must use for traders like segways are must use for the average pedestrian.

    A simple chat room embedded in your trading platform of choice does the job just fine (if not way better)

  • mike1

    ok mike…

    i know you’re trolling for comments.. so here goes..

    why the heck is this any better than anyof the other msg boards out there!!!

    oh.. i get it.. because it’s got the “twit” in it…

    sorry… but there’s no way in hell i’d listen to the masses regarding trades..

    but given that i don’t use stocktwits.. maybe they do require users to display their real data.. including names, etc. along with their real trades.. and maybe they do have a way of really tracking it..

    but i seriously doubt it!

    peace

  • http://www.servletsuite.com Den

    There is a simple tool – Tweet versus Tweet: http://bit.ly/9HNCIW

    IBM vs. MSFT etc.

  • Hype Machine Turned to 11

    This is not a “must have” – that is the crackpipe talking.

    Here is the stream I got for GE, one of the most widely held stocks out there:

    agwarner
    @harmongreg lmao, sorry. $GE must have found it, was black and white earlier, then no sound.
    Feb. 18 at 4:07 PM
    atask
    NBC’s Olympics Coverage Infuriates Sports Fans From Coast To Coast http://bit.ly/cY1OZN $GE $FIG $NKE $CMCSA $KO #van2010 #olympics
    Feb. 18 at 2:22 PM
    wallstreetsavvy
    $GE has been trending lower could be a good buy for a daytrade.
    Feb. 18 at 11:44 AM
    lilaidan
    like $GE right here about to break yesterday highs… picking up some here 16.23
    Feb. 18 at 9:55 AM
    stockahollic
    $GE looking to buy soon. $SNDA best buy for 2010
    Feb. 18 at 9:35 AM
    jberet
    $GE
    Feb. 17 at 6:19 PM

    Some real trading insight there. Is the real-time web interesting? Yes, as a complement (and there are some really awesome efforts underway to mine the info). Is this concept a valuable source for pro traders to “share trading ideas” (something all good traders like to do – share their trades ;) ?

    No.

  • Vischameel

    I do a lot of stock trading, took a look at their service, decided that much of the chatter is useless, and will never go back again.

    Yes, it has evolved and gotten better but it is not terribly useful for real stock traders. Sorry.

  • http://thefastertimes.com/wallstreet/2010/02/19/stocktwits-proof-that-the-equity-culture-is-alive-and-well/ StockTwits: Proof That the Equity Culture is Alive and Well | Wall Street

    [...] StockTwits Evolves, Becomes a Must Use Site For Traders (TechCrunch) [...]

  • Brian

    mike1-

    The power of Stocktwits is in the fact that you have the ability to readily identify who you should and shouldn’t trust. If you find that someone is terrible and full of hot air, stop following them. If you are new to trading and don’t know where to start – they have a suggested stream.

    I am an active member of the community and follow around 70 traders currently and the main benefit to me has been the accelerated learning curve that the platform allows. Trading can be a very lonely occupation and having the ability to learn from and with others, is in my mind, priceless.

  • david

    exactly!

  • http://www.upsidetrader.com/2010/02/20/weekend-linky-dinks-56/ Weekend Linky Dinks-Always Interesting UpsideTrader

    [...] Stocktwits evolves. [...]

  • http://investorandtrader.blogspot.com Airelon

    Too bad they run their site like a freaking “High School Cool Club”

  • Bo

    StockTwits is simply a revolutionary product and is growing popular by the day. The best part of it is that it creates a sort of a virtual community for retail traders and integrates smoothly into their daily routine. People find ideas, exchange opinions, learn stuff, interact. Hopefully it grows in the future.
    (I’ve been a member for about 8 mths already)

  • http://afterhoursinvesting.com/2010/03/does-anyone-use-stocktwits-com-and-is-it-any-good/ Does Anyone Use StockTwits.com, And Is It Any Good? | After Hours Investing

    [...] Arrington, over at TechCrunch.com, writes StockTwits Evolves, Becomes Must Use Site For Traders, and I tend to think that’s a fair assessment for the moment. It will likely service the [...]

  • http://www.facebook.com/profile.php?id=26800956 Chris Steven Anthony

    There is a suggested list now of traders to follow, as well as an option to block people who are just noise and spammy. You have to use the product continuously in order to get to know who is who just like anything else in life. Practice makes perfect.

  • http://www.facebook.com/profile.php?id=621599484 Paramendra Kumar Bhagat

    I can see this concept going into other sectors and industries.

  • http://www.socialleveragellc.com/blog/2010/03/stocktwits-getting-the-love%e2%80%a6what-does-it-really-mean-15/ Stocktwits Getting The Love…What Does it Really Mean « Social Leverage

    [...] Arrington of TechCrunch gave us an insanely good review , but he does not himself trade or invest in stocks. Mike likes the product, the platform and the [...]

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  • http://zheedan.wordpress.com/2010/04/25/perpetual-beta/ Perpetual Beta « Zheedan's Blog

    [...] example of applications that adopted Beta released is StockTwits. StockTwits is a social stock micro blogging service which embrace community-powered idea and [...]

  • http://www.australianvisaadvice.com Australian Visa Advice

    I also think that the best move from their part was moving away from the only twitter and expanding.

    http://www.australianvisaadvice.com

    Thanks.

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