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Twitter Hijacks Cashtags — Stocktwits

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By Paul Ausick Updated Published
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StockTwits, a financial communications company, was founded in 2008. The company’s signal achievement is the creation of the so-called “cashtag” — $TICKER. When a user clicks on the cashtag at the StockTwits site, the Twitter stream associated with the ticker is displayed along with a stock price quote and other information.

Yesterday, Twitter introduced its own “cashtag” stream:

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Howard Lindzon, the founder of StockTwits, is not amused:

I am disappointed of course that Twitter is hijacking our idea and time (will only confuse the masses) [sic], but StockTwits moved beyond that basic functionality 4 years ago. In a dirty way, it’s the ultimate compliment so we will take it as such for the moment and keep rolling out functionality that makes us the best real-time communication platform for people that love stocks and markets.

It’s a bit hard to feel Lindzon’s pain, though. Without Twitter, there would very likely be no StockTwits.

Twitter appears to have reclaimed a piece of its own turf.

Paul Ausick

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About the Author Paul Ausick →

Paul Ausick has been writing for 247Wallst.com for more than a decade. He has written extensively on investing in the energy, defense, and technology sectors. In a previous life, he wrote technical documentation and managed a marketing communications group in Silicon Valley.

He has a bachelor's degree in English from the University of Chicago and now lives in Montana, where he fishes for trout in the summer and stays inside during the winter.

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