He says that "You don’t learn Spanish in one day, and you’re not going to learn how to invest in stocks in one day. Lindzon encourages new traders to spend time on StockTwits learning the language. In 2013, StockTwits had over 230,000 active members by 2020 that number had increased to 3 million, and by 2021 the homepage dashboard shows 5 million members. In July 2022, Stocktwits launched equities trading on it’s platforms for individual investors.
In February 2022, Stocktwits launched its crypto trading platform.
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The series B funding set Stocktwits at a valuation of $210 million.
In December 2021, Stocktwits raised 30M$ for its seed B funding round and announced its next big moves including a boost in its crypto coverage and plans to launch in India by Q2 in 2022. The app was offered by Stocktwits subsidiary ST Invest LLC, a registered broker-dealer and member of the Financial Industry Regulatory Authority.
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In April 2019, Stocktwits announced it would launch a Stocktwits Trade App, which allowed users to place unlimited free equity trades and featured fractional investments. In December 2018, Brian Norgard, former head of product at dating app Tinder, joined the board of directors of StockTwits to help the company expand into new areas of financial technology and media. The new feature as a part of Rooms offers users unprecedented access to exclusive content, concepts, and analysis from top investors on a subscription basis. In October 2018, Stocktwits announced the launch of its Premium Rooms product at Stocktoberfest West, the company's premier event held in Coronado, California. In August 2018, Stocktwits announced its launch of Rooms, a product that enables users to create new communities based on shared interests, specific stocks or trends affecting the markets. In December 2017, Stocktwits announced its redesigned web and mobile sites with a new feature called Discover that provided user with important stock information, curated content and earnings calendars. acquired Investing Discovery Platform SparkFin Inc. announced Ian Rosen, a co-founder of Even Financial and former general manager at MarketWatch, as Chief Executive Officer. Lindzon believes a "cultural change" is needed for the large financial institutions to embrace this technology and that change may take as long as five years. Fifty percent of the company's revenue comes from financial data sold to clients including Bloomberg L.P. Īs of June 2013, StockTwits had raised $8.6 million in venture capital but has not yet made a profit. Time magazine listed StockTwits as one of its 2010 "50 best websites." StockTwits was named one of the "top 10 most innovative companies in finance" in 2012 by FastCompany. Lindzon says it also allows a company to "monitor discussion about the company." StockTwits began offering a service in 2011 that allows companies to manage and monitor information within the service. Incorporation of the company Abnormal Returns in 2010 boosted the content available to StockTwits subscribers. StockTwits received the first Shorty Award in the 2008 finance category. The company utilized Twitter's application programming interface (API) to integrate StockTwits as its own "highly graphical platform of market news, sentiment and stock-picking tools." StockTwits utilized " cashtags" with the stock ticker symbol, similar to the Twitter hashtag, as a way of indexing people's thoughts and ideas about a company and the stock. Lindzon teamed up with Soren Macbeth to form the company in 2009. The idea for the company came from a 2008 blog post where Lindzon suggested that Twitter would be great for stocks and markets even though he once passed on the opportunity to invest in the company.
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