• Finance Sites Turn To StockTwits For Curated Stock Tweets

    Monday, June 21st, 2010

    J. Michael Arrington (born March 13, 1970 in Huntington Beach, California) is a serial entrepreneur and the founder of TechCrunch, a blog covering startups and technology news. Arrington attended Claremont McKenna College (BA Economics, 1992) and Stanford Law School (JD, 1995) and practiced as a corporate and securities lawyer at two law firms: O’Melveny & Myers and Wilson Sonsini Goodrich... → Learn More

    Both CNN Money and MarketWatch have added curated stock and finance tweets to their sites. But they aren’t just showing unfiltered tweets based on a query or hash tag – instead they’ve turned to StockTwits, presumably for more relevant data.

    Messages only show up on StockTwits if you add a “$” before a stock symbol, and the company also carefully moderates messages and blocks users who tend to spam. The result is a fairly clear, mess-free stream of rumors and trade information that some obsessed trader types may somehow find useful. At the very least it’s entertaining to read things like “@bradybrown Dammit… I go to a meeting and $AAPL falls off a cliff!!! WTH???”

    CNN has added a StockTwits widget to each stock summary page (example). MarketWatch is using the StockTwits trending tickers widget, which shows hot stocks (as in, what everyone’s talking about, not necessarily what’s moving up or down in price).

    Company: StockTwits
    Website: stocktwits.com
    Launch Date: 2008
    Funding: $8.6M

    StockTwits is a social, stock micro-blogging service. StockTwits is an open, community-powered idea and information service for investments. Users can eavesdrop on traders and investors, or contribute to the conversation and build their reputation as savvy market wizards. The service takes financial related data and structures it by stock, user, reputation, etc. Log into the site with your Twitter details or download the StockTwits Desktop and you will be joining a community where market participants share their very best ideas in...

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