Social investment website StockTwits Financial sector Facebook

Recently, according to foreign media reports, today, the rapid development of the Internet, and constantly integrate new content, and this year, "The Internet Queen" Marie Mickel (Mary Meeker) in the Internet Trend report introduced a new word reimagination (refactoring and remodeling), has become a popular buzzword in the technology circle. Marie Mickel (Mary Meeker) lists 50 different market areas that are being refactored (in other words, are disintegrating and changing). Financial markets are one of them, and today we are introducing a social data services company based on financial markets, stocktwits.

StockTwits, known as the "Social investment" website, is a platform for investors to track financial news and exchange stock investment advice.

StockTwits, literally, the service is deeply influenced by Twitter style. In fact, StockTwits is primarily based on data flow and short discussion to provide services to financial users, essentially a financial data field of Twitter. Users can focus on other users and stocks, create a list of risks to watch (such as a stock list for a particular segment) and data flows (for example, based on stocks, options, and Futures).

Generally speaking, the stock market is deeply influenced by public opinion. If many stocks fall, it reflects a period of economic downturn. Yesterday, for example, stamp (Standard &poor's) 500 stock index fell 1.26%, partly in response to the public's loss of confidence in the European economy and the US economy. Just as the stock market's ups and downs can be speculated on, Twitter is also a tool to make public opinion. StockTwits is trying to provide users with public opinion trends from various financial markets based on social media platforms, including many social networks such as Twitter and Facebook.

The hotspot map is a feature that StockTwits introduced earlier this year to assess people's discussions on the web. Apple became a hot topic for discussion yesterday at the Global Developer Conference (WWDC Conference). Apple shares in the hotspot map fell 9 of dollars, showing in maroon.

StockTwits's value in social data is embodied in its aggregate function, with hundreds of financial data sources, most of which are more authoritative and professional than stocktwits itself, such as Bloomberg, Yahoo Finance, Data for services such as MarketWatch. StockTwits is not only a social discussion platform, but also provides a way to analyze data. For example, StockTwits will provide a chart that includes the most frequent financial topics in social discussions, the following figure shows J. C. Penney Company, Inc. ($JCP) has been the most talked about companies in the past more than 30 days (excluding Nasdaq itself), while the prescription drug industry is the most discussed sector.

StockTwits only touches on a small part of financial market analysis and discussion, but its value lies in adding new elements, social data, to financial markets. In theory, financial markets are more affected by human behavior than objective data. The irrational exuberance of the financial markets of the last dotcom bubble (Dot Com ERA) was a classic example. In this way, StockTwits is indeed a service that can reconstruct the investment field and better meet the principles of financial investment operation.