In a prime example of how a third party can create a niche community around interest-based Twitter users, StockTwits has raised its first round of funding two months after launching, reports VentureBeat. The round was led by IA Capital Partners, LLC. The amount of StockTwits’ first round has not been disclosed.
If you’re at all familiar with Twitter, then you’ll recognize its ability to get you news and useful information quickly. Get the right group of people together, and the result is a trusted source of highly relevant data. StockTwits has capitalized on Twitter’s popularity and others’ addiction for prompt news, providing an integrated service that forms an entire community around users sharing their knowledge and predictions on the market. Instead of asking “What are you doing right now?” StockTwits asks “What are you trading?”
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