Yahoo Finance + StockTwits = Message Boards 2.0
Two firms I have more than a passing relationship — Yahoo Finance and StockTwits — have formally announced a deal to place the curated StockTwit content directly onto Yahoo Finance. (I am a regular on Yahoo Finance, and FusionIQ offers several products in the stock twits marketplace).
Lets use Google as an example of what happens if you punch up any stock in Yahoo Finance. The left hand margin has a new entry called “Market pulse.” Select that and you pull a stream of all the comments from StockTwits that have the symbol GOOG in it. These include user generated charts, commentary, analysis and research — live and in real time.
This is a game changer versus the prior versions of online stock discussions. Three factors make this an enormous improvement over the static message boards of olde:
1) Social Network for Stocks: Stocktwits has all of the features of Twitter — you can see how many followers a person has, who they follow, how many tweets, etc. Hence, this introduces a “Wisdom of Crowds” factor into the previously anonymous, unreliable stock commentary.
2) Curated Messages: Much of the usual nonsense of stock comments — touts, pump-and-dump-ers, trolls, etc. have been removed. What you left with is a stream of honest commentary. Its the internet equivalent of peer review.
3) Embeddable Charts, Video: Chart.ly is a division of Stocktwits, and it has an incredibly user friendly technology that allows the easy sharing of charts and screencasts.
The bottom line is that StockTwits is a powerful platform that can b a disruptive technology. It has the potential to upend online stock discussions.
It may even help to identify the next generation of emerging analysts and fund managers.
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December 7th, 2010 at 10:21 am
Looks like another way to sell advertising. Fortunately, I use adblocker plus and never see them.
December 7th, 2010 at 11:12 am
Re: the pace of change. I’ve long liked these two pictures; the first is of the construction of Wrigley Field in 1914. Note the horse-drawn carts on the site, giving it more in common with our ancestors and how they worked for generations. http://upload.wikimedia.org/wikipedia/en/d/d9/Weeghman_Park_Construction.jpg
The second photo (well video) is of the first step on the moon, in 1969, a mere 55 years later from horse-drawn wagons! Well within many folks’ lifetimes…
http://www.maniacworld.com/Apollo_11_2.htm
December 7th, 2010 at 12:46 pm
I am a regular on Yahoo Finance,
Yah, well, I’m a regular twit. No, not stock twit. Just twit. I have witnesses!
I’d like to believe you about yahoo Barry, but they have had new starts before and always found a way to foul things up. They need to make their boards more democratic and controlled by users. Then we’ll see some improvement (if there is still any chance of that). There is way too much top down management at that company and the ironic thing is that they are libertarian only in regards to spam and trolling on their boards. How can anyone get it that backwards?
December 7th, 2010 at 2:08 pm
[...] Finance hooks up with StockTwits. (TechCrunch, Howard Lindzon, TRB, Big Picture, [...]
December 7th, 2010 at 3:15 pm
You might consider that the people you want to hear from are those who don’t have any incentive to speak.
It’s breathless ’till after the trigger is pulled; then only chilling will do.
Not so much real pure and clear to catch or curate.
Throwing pearls before swine is the plight of the Gods.
The thrill of erecting one’s set is just to much to feel like getting heard in the herd.
Twit me a river.
December 7th, 2010 at 6:07 pm
That is part of the contrary analysis with investor’s declared Bull and bear positions via surveys. They don’t get bullish until after they bought, and once everyone is bullish — ie, has already purchased stocks — who else is left to power the market higher?
December 10th, 2010 at 3:01 pm
[...] other day there was a lot of hub bub on Barry’s blog and TechCrunch about StockTwits being integrated into a new section of the industry leading website [...]