12/1/2023 0 Comments Utime stocktwitsFifty percent of the company's revenue comes from financial data sold to clients including Bloomberg L.P. Īs of June 2013, StockTwits had raised $8.6 million in venture capital but has not yet made a profit. Time magazine listed StockTwits as one of its 2010 "50 best websites." StockTwits was named one of the "top 10 most innovative companies in finance" in 2012 by FastCompany. Lindzon says it also allows a company to "monitor discussion about the company." StockTwits began offering a service in 2011 that allows companies to manage and monitor information within the service. Incorporation of the company Abnormal Returns in 2010 boosted the content available to StockTwits subscribers. StockTwits received the first Shorty Award in the 2008 finance category. The company utilized Twitter's application programming interface (API) to integrate StockTwits as its own "highly graphical platform of market news, sentiment and stock-picking tools." StockTwits utilized " cashtags" with the stock ticker symbol, similar to the Twitter hashtag, as a way of indexing people's thoughts and ideas about a company and the stock. Lindzon teamed up with Soren Macbeth to form the company in 2009. The idea for the company came from a 2008 blog post where Lindzon suggested that Twitter would be great for stocks and markets even though he once passed on the opportunity to invest in the company. In 2022, the Stocktwits platform added crypto and equities trading to the platform. By mid-2019, that figure had increased to 2 million, and the company premiered free online trading via an iOS app. In June 2013, StockTwits had 230,000 active members. Time magazine listed the company as one of its 2010 "50 best websites." The company was also named one of the "top 10 most innovative companies in finance" in 2012 by FastCompany. The company received the first Shorty Award in the 2008 finance category. The company was co-founded by Howard Lindzon and Soren Macbeth in 2009. StockTwits is a social media platform designed for sharing ideas between investors, traders, and entrepreneurs. Justin Paterno ( Chief product officer).
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