While StockTwits may be free, it needs to compete for your valuable time that you could be spending on other sources of financial news and information. StockTwits is a messaging platform designed for traders to share tips and ideas on specific securities or general stock market news.Īs an information resource, StockTwits competes with a wide variety of information sources that traders use to guide their decisions, from traditional financial news websites and newsletters to more modern trading apps and alternative news sources. It does serve as a great place to find real-time news on stocks and anything else going on in the financial world. It has its pros and cons with the quality of the information provided so it’s important to make sure that you do your own due diligence before taking anyone’s advice on StockTwits. The rollout comes at a time when investors have been particularly hard on high-flying technology stocks.StockTwits is a social networking platform that was created for traders and investors to gather and share ideas in real-time. and Webull Financial, and brokerage heavyweights like Charles Schwab Corp. The company’s equities trading feature faces a long list of competitors, including app-based brokers such as Robinhood Markets Inc. “This is a foundational piece to what we believe will be a great investing and trading platform.” “This isn’t a two-month play, or a three-month play,” said Stocktwits Chief Executive Officer Rishi Khanna. Stocktwits, which has been offering a forum for discussing markets and trading ideas since 2008, rolled out cryptocurrency trading, its first asset, in February. New York-based Stocktwits, which has more than 6 million registered users, will launch equity trading on its platform through its subsidiary ST Invest LLC, a SEC registered broker-dealer, according to a press release on Tuesday. It becomes the latest company to vie for the attention of US stock traders despite this year’s broad market selloff.
(Bloomberg) - Stocktwits, a social media platform for retail investors, will allow users to buy and sell equities on its platform.
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