Below I provided two StockTwits videos that explain the service. The second video features Co-Founder and CEO Soren Macbeth and Co-Founder Howard Lindzon. In order to use StockTwits you need a Twitter account since StockTwits uses the Twitter platform. Twitter calls it a real-time short messaging service (here's the Wikipedia definition). StockTwits sorts out investment oriented information via Twitter when users put the $ symbol in front of quotes or $$ at the end of a sentence. StockTwits users can filter the information further based on personal preferences (specific quotes and/or people). StockTwits provides a recommended list to start you off. It's pretty cool for people interested in the markets.
Here's StockTwits featured on CNBC featuring Founder and CEO Soren Macbeth and a response from the StockTwits blog.
I thought CNBC's coverage on StockTwits was weak! I believe Twitter/Stocktwits has the ability to become a very powerful resource in the investment community. After organizing my twitter feed for 3-4 months I couldn't believe how much information I was absorbing on a day-to-day basis. I think StockTwits is valuable because experts in a variety of areas in the biz (equity traders, technicians, value players, macrotraders, options, volatility, currency, credit, oil, tech, VCs etc..) interpret information on a real-time basis and when the info is pooled together it can help dictate a trading decision. Also information and ideas provided on StockTwits are often challenged by the community which gives it more validity. But you must do your due diligence on people. If people start spewing horrible ideas or spam you just unfollow them. It's a great service in my opinion. As of today I follow 490 people.
@dvolatility.
**Update: Howard Lindzon on FoxBusiness.com (4/29/2009)
