"In essence, StockTwits helps people interested in stocks to socialize their ideas. It focuses on stock trading, letting users discuss their latest stock trades in an interface using Twitter as the content production platform, adding features like graphs and the ability to filter messages."
I dabble in 2-5 day momentum trades frequently, and StockTwits has more than once assisted in huge short-term gains. The amount of shared theory, charts, and strategies is stunning.
Surely there are other ways to piggyback on Twitter. The founders even encourage it! From FT.com:
"Howard Lindzon, an entrepreneur and backer of other internet media start-ups, sees Twitter as a platform for developing a fresh form of content and creating new stars from those that master the medium.
He has helped to raise $800,000 for StockTwits, a service that encourages users to discuss stocks and investments in short messages.
“It’s like a farm system that will produce tons of new experts. Stocks, sports and dating will be great avenues to explore on Twitter. The format is more real-time, and it’s kind of an art form to say what you want to say in 140 characters or less,” he says.
Twitter itself says it approves of the leveraging of its service and the emerging clones. “We love it. Being a platform is a way to grow and increase the value of Twitter,” says Biz Stone, Twitter co-founder."
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