On July 31st of this year Engadget.com announced that Twitter quietly added the “cash tag” functionality so that any stock or company tweets could be searched on the platform. The “cash tag” is basically using the $ symbol in front of a stock ticker so it turns searchable, for example Facebook is $FB instead of #FB.
But StockTwits had been doing that for a long time and many were looking to see if the micro-blogging giant would affect this smaller specialized community.
It hasn’t, today StockTwits.com is the primary platform for intraday market tweeting. Professionals and day-traders use Stocktwits.com to meassure the “color” of the market, share rumors, and anticipate market moves.
Self description: “StockTwits® is a financial communications platform for the financial and investing community.”
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