Inside the Internet's first financial-news network -- a mashup of CNBC, the Bloomberg terminal, and the real-time Web.
There's an old saying on Wall Street: When you have something good, you're not going to share it. "But you can't develop good ideas without collaboration," counters Howard Lindzon, CEO and cofounder of StockTwits, referring to the traders who use his social stock-picking site. "From 9:30 a.m. to 4 p.m., we're all in the trenches together." Lindzon's 17-person team has spent more than a year building the Web's most comprehensive -- and accessible -- virtual trading floor, letting users share ideas and data in real time without paying or registering (premium services deliver most of StockTwits' revenue). The site, which attracts 300,000-plus unique visitors a month, has expanded to include its own news feed, user-generated charts, and Web TV channel. Here's how it works.
1. Virtual Traders
Every day, the platform receives roughly 12,000 postings,...
There's an old saying on Wall Street: When you have something good, you're not going to share it. "But you can't develop good ideas without collaboration," counters Howard Lindzon, CEO and cofounder of StockTwits, referring to the traders who use his social stock-picking site. "From 9:30 a.m. to 4 p.m., we're all in the trenches together." Lindzon's 17-person team has spent more than a year building the Web's most comprehensive -- and accessible -- virtual trading floor, letting users share ideas and data in real time without paying or registering (premium services deliver most of StockTwits' revenue). The site, which attracts 300,000-plus unique visitors a month, has expanded to include its own news feed, user-generated charts, and Web TV channel. Here's how it works.
1. Virtual Traders
Every day, the platform receives roughly 12,000 postings,...
- 6/9/2010
- by Dan Macsai
- Fast Company
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