Facebook hit the stock market this morning at $42.05 a share, sparking debate all across the Internet on how the rest of the day will go. On StockTwits, a social network for the investing community, more than half of today’s conversations are devoted to that very subject. Some of these people might even know what they’re talking about.
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The new homepage rolled out Monday by CNNMoney was designed to more closely integrate the Web, mobile, and tablet platforms, as well as boosting social media integration, and the site also announced new partnerships with StockTwits and SigFig.
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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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