StockTwits Lands $3 Million for Traders on Twitter

Authored by Mark Hefflinger on December 2, 2009 - 8:05am.

New York - StockTwits, the provider of a real-time financial news service that utilizes Twitter, announced on Wednesday that it has closed a $3 million second round of financing.

Foundry Group led the investment round: previous backer True Ventures, and Brad Feld also participated.

The year-old service sees users interested in investing tag their tweets about stocks with a "$" symbol.

StockTwits generates revenue through advertising, but also offers a branded microblogging platform which traders can use to set up accounts where they charge followers for their investment-related tweets.

Related Links:
http://snipurl.com/tizax

http://stocktwits.com/