StockTwits

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.{{cite web |author=Ryan |title=Howard Lindzon CEO and Co-Founder StockTwits |date=2013-02-22 |publisher=zurb.com |url=http://zurb.com/soapbox/events/41/Howard-Lindzon-ZURBsoapbox |accessdate=2013-05-09 }} Stocktwits was launched in 2008 by Howard Lindzon and Soren McBeth as a Twitter application that organized financial discussions using cashtags. Lindzon teamed up with Soren Macbeth to form the company in 2009. 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."{{cite news |author=Hogan, Mike |title=Tell Us How You Feel About Stocks |date=2011-10-08 |newspaper=Barron's |url=http://online.barrons.com/article/SB50001424052748704514704576609021483237428.html |accessdate=2013-05-08 }} 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.{{cite journal |author=Wong, Matthew |title=VCs and Start-Ups Pin Their Hopes on Pinterest |date=2012-08-17 |journal=The Wall Street Journal |url=https://blogs.wsj.com/venturecapital/2012/08/17/vcs-and-start-ups-pin-their-hopes-on-pinterest/ |accessdate=2013-05-28 }}

Cashtags were eventually adopted by Twitter itself in 2012.{{Cite web |date=2012-07-31 |title=Twitter Launches Clickable Stock Symbols, StockTwits' Howard Lindzon Says "Hey, We Already Do That!" |url=https://techcrunch.com/2012/07/30/twitter-clickable-ticker-symbols/?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEI7ybw9dPQhRjOIryBKF0XLIo3S0gaDU9WBhVdPfFhXFlgHouKpho3WnQhGJGmKffJe6Q0iaH8Iffosc76OjRkCJuSrfKHA0X5p4MPIkuIOcimBFIrTcLu2UzbC9aGWNHPOAvakzf6oZiZZ18xFmwQjIpSEplOXSSog5ovREe3E |access-date=2024-10-17 |website=TechCrunch |language=en-US}}{{Cite web |title=Twitter unveils 'cashtags' to track stock symbols |url=https://money.cnn.com/2012/07/31/technology/twitter-cashtag/index.htm |access-date=2024-10-17 |website=CNN Money}}

StockTwits received the first Shorty Award in the 2008 finance category.{{cite web |author=staff |title=The year's best producers of short* content |date=2009-02-11 |publisher=Shorty Awards |url=http://1st.shortyawards.com/ |accessdate=2013-05-29 }}{{cite magazine |author=Van Buskirk, Eliot |date=2009-02-12 |title=The Shorty Awards: Why Nerds Hate Twitter |magazine=Wired | url=https://www.wired.com/business/2009/02/shorty-award-wi/ |accessdate=2013-05-29 }}

StockTwits began offering a service in 2011 that allows companies to manage and monitor information within the service.{{cite journal |author=Geron, Tomio |title=StockTwits Grows With Wild Stock Market |date=2011-08-17 |journal=Forbes |url=https://www.forbes.com/sites/tomiogeron/2011/08/17/stocktwits-grows-with-wild-stock-market/ |accessdate=2013-05-08 }} Lindzon says it also allows a company to "monitor discussion about the company."

Time magazine listed StockTwits as one of its 2010 "50 best websites."{{cite magazine |author=Staff |date=2010-08-25 |title=50 Best Websites 2010 |magazine=Time |url=http://www.time.com/time/specials/packages/article/0,28804,2012721_2012915_2012912,00.html |archive-url=https://web.archive.org/web/20100826114126/http://www.time.com/time/specials/packages/article/0,28804,2012721_2012915_2012912,00.html |url-status=dead |archive-date=26 August 2010 |accessdate=2013-05-28 }} StockTwits was named one of the "top 10 most innovative companies in finance" in 2012 by FastCompany.{{cite web |author=Staff |title=Top 10 most innovative companies in finance |work=Fast Company |url=http://www.fastcompany.com/most-innovative-companies/2012/industry/finance |accessdate=2013-05-28 }}

As of June 2013, StockTwits had raised $8.6 million in venture capital but has not yet made a profit.{{cite journal |author=Rose, Sally |date=2013-06-04 |title=This StockTwit is no fool |journal=The Australian Financial Review |url=http://www.afr.com/p/business/companies/this_stocktwit_is_no_fool_59ikLLnzmff5wnLpEXypwI |accessdate=2013-06-08 }} Fifty percent of the company's revenue comes from financial data sold to clients including Bloomberg L.P. and Google. Lindzon believes a "cultural change" is needed for the large financial institutions to embrace this technology and that change may take as long as five years.

In 2016, Lindzon decided to step down as CEO, although he remained actively involved in the company as its executive chairman.{{Cite web |date=2016-07-06 |title=Ian Rosen Named New StockTwits CEO |url=https://finance.yahoo.com/news/ian-rosen-named-stocktwits-ceo-185016400.html |access-date=2024-10-18 |website=Yahoo Finance |language=en-US}}

In June 2016, StockTwits Inc. announced Ian Rosen, a co-founder of Even Financial and former general manager at MarketWatch, as chief executive officer.{{Cite news|url=https://techcrunch.com/2016/07/06/stocktwits-raises-funding-gets-new-ceo/ |title=StockTwits raises funding, gets new CEO|author=Katie Roof| publisher=Tech Crunch|date=6 July 2016| access-date=7 July 2016}}

In January 2017, StockTwits Inc. acquired Investing Discovery Platform SparkFin Inc.{{Cite news |author= |title=Brief - StockTwits to Acquire Investing Discovery Platform Sparkfin |language=en-US |work=Reuters |url=https://www.reuters.com/article/idUSASC09RB3 |access-date=2018-05-18}}

In December 2017, Stocktwits announced its redesigned web and mobile sites with a new feature called Discover that provided user with important stock information, curated content and earnings calendars.{{Cite press release |last=StockTwits |title=StockTwits Makes it Easier to Find Great Investing Ideas with Rollout of New 'Discover' Feature |url=https://www.prnewswire.com/news-releases/stocktwits-makes-it-easier-to-find-great-investing-ideas-with-rollout-of-new-discover-feature-300572736.html |access-date=2022-09-29 |agency=PR Newswire |language=en}}

In August 2018, Stocktwits announced its launch of Rooms, a product that enables users to create new communities based on shared interests, specific stocks or trends affecting the markets.{{Cite press release |last=StockTwits |title=StockTwits Launches Rooms So Investors Can "Find Their Tribe" |url=https://www.prnewswire.com/news-releases/stocktwits-launches-rooms-so-investors-can-find-their-tribe-300690893.html |access-date=2022-09-29 |agency=PR Newswire |language=en}}

In October 2018, Stocktwits announced the launch of its Premium Rooms product at Stocktoberfest West, the company's premier event held in Coronado, California. The new feature as a part of Rooms offers users unprecedented access to exclusive content, concepts, and analysis from top investors on a subscription basis.{{Cite press release |last=StockTwits |title=StockTwits To Announce Groundbreaking Premium Rooms at Stocktoberfest West To Connect Users With Industry Leaders |url=https://www.prnewswire.com/news-releases/stocktwits-to-announce-groundbreaking-premium-rooms-at-stocktoberfest-west-to-connect-users-with-industry-leaders-300736184.html |access-date=2022-09-29 |agency=PR Newswire |language=en}}

In December 2018, Brian Norgard, former head of product at dating app Tinder, joined the board of directors of  StockTwits to help the company expand into new areas of financial technology and media.{{Cite web |last=Shi |first=Madeline |title=A former executive from Tinder is joining the board of a fast growing company that's trying to teach millennial 'noobies' how to invest |url=https://www.businessinsider.com/tinders-former-head-of-product-is-joining-stocktwits-2018-12 |access-date=2022-09-29 |website=Business Insider |language=en-US}}

In April 2019, Stocktwits announced it would launch a  Stocktwits Trade App, a zero-commission brokerage service that allowed users to place unlimited free equity trades and featured fractional investments.{{Cite news |date=October 4, 2019 |title=Stocktwits rolls out commission-free online trading as race to $0 brokerage fees heats up |url=https://www.marketwatch.com/story/stocktwits-rolls-out-commission-free-online-trading-as-race-to-0-brokerage-fees-heats-up-2019-10-03 |work=marketwatch.com}} The app was offered by Stocktwits subsidiary ST Invest LLC, a registered broker-dealer and member of the Financial Industry Regulatory Authority.{{Cite web |last=Duggan |first=Wayne |title=StockTwits To Launch Commission-Free Trading App – Twitter (NYSE:TWTR) |url=https://www.benzinga.com/node/13554532 |access-date=2022-09-29 |website=Benzinga |language=English}}

The platform also explored various monetization strategies, including premium subscriptions and B2B data offerings. During this time, the company announced its entry into crypto trading and expanded its presence in international markets, including India.{{Cite news |title=Stocktwits raises $30 million, plans to enter the Indian market | newspaper=The Economic Times | date=17 December 2021 |url=https://economictimes.indiatimes.com/tech/funding/stocktwits-raises-30-million-plans-to-enter-the-indian-market/articleshow/88336610.cms?from=mdr |archive-url=https://web.archive.org/web/20211217080737/https://economictimes.indiatimes.com/tech/funding/stocktwits-raises-30-million-plans-to-enter-the-indian-market/articleshow/88336610.cms?from=mdr |archive-date=December 17, 2021}}

In December 2021, Stocktwits raised 30M$ for its seed B funding round and announced its next big moves including a boost in its crypto coverage and plans to launch in India by Q2 in 2022. The series B funding set Stocktwits at a valuation of $210 million.{{Cite news |last=Tan |first=Gillian |date=16 December 2021 |title=Social-Media Platform Stocktwits Nabs $210 Million Valuation |newspaper=Bloomberg |publisher=Bloomberg L.P. |url=https://www.bloomberg.com/news/articles/2021-12-16/social-media-platform-stocktwits-nabs-210-million-valuation |access-date=2022-09-29}}

In February 2022, Stocktwits launched its crypto trading platform.{{Cite news |last=Singh |first=Medha |date=2022-02-03 |title=Investor-focused social media firm Stocktwits rolls out crypto trading |language=en |work=Reuters|url=https://www.reuters.com/technology/investor-focused-social-media-firm-stocktwits-rolls-out-crypto-trading-2022-02-03/ |access-date=2022-09-29}}

In July 2022, Stocktwits launched equities trading on its platforms for individual investors.{{Cite news |last=Singh |first=Medha |date=2022-07-19 |title=After crypto, Stocktwits takes aim at stocks trading |language=en-CA |work=The Globe and Mail|location=Toronto |url=https://www.theglobeandmail.com/investing/investment-ideas/article-after-crypto-stocktwits-takes-aim-at-stocks-trading/ |access-date=2022-09-29}}

In July 2024, Stockwits partnered with Quatr to offer financial content via an API,  including live and recorded earnings calls from public companies; annual reports and quarterly filings and more.{{Cite web |date=2024-07-23 |title=Quartr Partners With Stocktwits, Announces One of Its Largest API Deals to Date |url=https://www.tradersmagazine.com/departments/brokerage/quartr-partners-with-stocktwits-announces-one-of-its-largest-api-deals-to-date/ |access-date=2024-10-17 |website=Traders Magazine |language=en-US}}

In 2024, Howard Lindzon returned as CEO of Stocktwits. Under Lindzon's leadership, Stocktwits decided to exit the brokerage business by selling TradeApp to Public.com in 2024.{{Cite web |date=2024-04-22 |title=Public expands investment frontier with acquisition of Stocktwits' TradeApp |url=https://fintech.global/2024/04/22/public-expands-investment-frontier-with-acquisition-of-stocktwits-tradeapp/ |access-date=2024-10-17 |website=FinTech Global |language=en-GB}}{{Cite web |title=Public Acquires TradeApp Investment Accounts From Stocktwits, Users Gain Access To AI-Assisted Analysis |url=https://www.benzinga.com/fintech/24/04/38312771/public-acquires-tradeapp-investment-accounts-from-stocktwits-users-gain-access-to-ai-assisted-analys |access-date=2024-10-17 |website=Benzinga |language=English}}

As a part of Howard's return, Stocktwits' leadership team included Shiv Sharma, President and COO.{{Cite web |date=2024-01-22 |title=Exclusive: Stocktwits names India head Shiv Sharma as President |url=https://fxnewsgroup.com/forex-news/executives/exclusive-stocktwits-names-india-head-shiv-sharma-as-president/ |access-date=2024-10-17 |website=FX News Group |language=en-US}}

In 2013, StockTwits had over 230,000 active members; by 2020 that number had increased to 3 million, and by 2021 the homepage dashboard shows 5 million members. Lindzon encourages new traders to spend time on StockTwits learning the language.{{cite journal |author=Stalter, Kate |title=Capture Price Growth with These 6 Stocks |date=2011-09-22 |journal=Forbes |url=https://www.forbes.com/sites/katestalter/2011/09/22/capture-price-growth-with-these-6-stocks/ |accessdate=2013-05-08 }} He says that "You don’t learn Spanish in one day, and you’re not going to learn how to invest in stocks in one day. Treat it like a language." Lindzon coauthored the book The StockTwits Edge: 40 Actionable Trade Set-Ups from Real Market Pros with Philip Pearlman and Ivaylo Ivanoff to assist new users with getting the most out of the service.{{cite book |author1=Lindzon, Howard |author2=Pearlman, Philip |author3=Ivanhoff, Ivaylo |title=The StockTwits Edge: 40 Actionable Trade Set-Ups from Real Market Pros |publisher=Wiley Trading |year=2011 |isbn=978-1118029053 }}

StockTwits allows users to communicate to Ticker Streams in real time with the use of cashtags. Users are also able to communicate directly using the "@" symbol before a username, a feature seen on Twitter.

Content featured on StockTwits can also be shared to the StockTwits extended network which includes sites such as Yahoo Finance and CNN Money. Users also have the ability to share content to their personal Twitter, LinkedIn and Facebook accounts.{{cite web |author=staff |title=StockTwits Streams Now on MSN Money! |date=2012-03-27 |url=http://blog.stocktwits.com/stocktwits-streams-now-on-msn-money/ |publisher=StockTwits |accessdate=21 June 2013}}

As of 2012 StockTwits has an open API allowing other sites such as TradingView, LikeAssets and HootSuite to integrate their users with StockTwits.{{cite web |author=Staff |title=StockTwits App Integrations |publisher=StockTwits |url=http://stocktwits.com/developers/docs/integrations |accessdate=21 June 2013 |archive-date=24 July 2013 |archive-url=https://web.archive.org/web/20130724104650/http://stocktwits.com/developers/docs/integrations |url-status=dead }}

The cashtag, a concept introduced by Stocktwits, allows users to track conversations related to specific stocks by preceding the ticker symbol with a dollar sign. This feature allows users to  follow discussions and insights related to their investments.

TradeApp provided users with commission-free trading directly through the platform. The app was designed to compete with other retail brokerage services and to integrate trading with the social aspects of Stocktwits.{{Cite web |title=StockTwits to Launch Free Trading App in Q2 |url=https://www.investopedia.com/stocktwits-to-launch-their-own-free-trading-app-in-q2-4685251 |access-date=2024-10-18 |website=Investopedia |language=en}} However, in 2024, the brokerage business was sold to Public.com.

Stocktwits has amassed user-generated content over the years, which it has leveraged to provide data and analytics.{{Cite web |date=2012-09-18 |title=Life after Twitter: StockTwits builds out its own ecosystem |url=https://www.theverge.com/2012/9/18/3351412/life-after-twitter-stocktwits-builds-out-its-own-ecosystem |access-date=2024-10-17 |website=The Verge |language=en}} The platform's data on retail investor sentiment has been packaged into products for investors. The company has explored various monetization strategies, including the sale of its data through APIs and premium subscriptions for advanced analytics.

In 2021, Stocktwits expanded into India through a partnership with Times Bridge, the VC arm of the Times Group.{{Cite web |title=Stocktwits is entering India with fresh funding of $30 million and a partnership with Times Bridge {{!}} Business Insider India |url=https://www.businessinsider.in/business/news/stocktwits-is-entering-india-with-fresh-funding-of-30-million-and-a-partnership-with-times-bridge/articleshow/88339090.cms |access-date=2024-10-18 |website=Business Insider |language=en}}

Stocktwits India has also formed partnerships with top financial publishers, including Economic Times, CNBC TV18, and Business Insider India.

Twitter incorporated the cashtags into their platform in 2012 effectively "hijacking" the StockTwits idea. In response to this announcement, Lindzon blogged that "It's interesting that Twitter has hijacked our creation of $TICKER i.e. $AAPL". He went on to note that "You can hijack a plane but it does not mean you know how to fly it." Lindzon sold all of his Twitter stock in 2012 as a result of this controversy.{{cite news |author=Taylor, Colleen |title=Howard Lindzon on Why He Sold His Twitter Stock, And The 'Hijack' Of StockTwits' Cashtags [TCTV] |date=2012-07-01 |work=TechCrunch |url=https://techcrunch.com/2012/08/01/howard-lindzon-on-why-he-sold-his-twitter-stock-and-the-hijack-of-stocktwits-cashtags-tctv/ |accessdate=2013-05-09 }}

• X (Formerly Twitter)
• Public.com
• Robinhood Markets
• WallStreetBets

{{Reflist}}

• {{cite book |author1=Lindzon, Howard |author-link=Howard Lindzon |author2=Pearlman, Philip |author3=Ivanhoff, Ivaylo |title=The StockTwits Edge: 40 Actionable Trade Set-Ups from Real Market Pros |publisher=Wiley Trading |year=2011 |isbn=978-1118029053 }}

• [http://www.StockTwits.com/ StockTwits website]

{{DEFAULTSORT:Stocktwits}}

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