Market investor Howard Lindzon ‘91 has one source for financial ideas: His own microblogging platform, StockTwits. “I built it for me,” the Thunderbird School of Global Management graduate said April 21, 2011, during a campus visit. “It is the only product I use.”
Lindzon is not alone. More than 300,000 unique visitors share ideas on StockTwits each month, and Lindzon has nearly 200,000 Twitter followers. He has rung the NASDAQ closing bell and been featured in the New York Times, Fast Company and TIME.
“People used to trade around the world at desks,” Lindzon said. “But computers and electronic data have changed things so much, those jobs are gone.” He said investors now share ideas from home, and sites such as StockTwits bring these people together in active communities that never sleep.
He said StockTwits empowers people to become smarter faster, and it provides a forum to learn from others’ mistakes. “People are telling you more about their mistakes,” he said. “That makes people smarter.”
Lindzon calls the StockTwits community “verticalized.” Microbloggers write about a range of topics on Twitter and other social media sites, but everybody who comes to StockTwits shares a passion for investing. The StockTwits community is also curated, which means the site promotes its best contributors and blocks spammers.
Lindzon, who lives in Coronado, California, credits the popularity of the site to three major trends. “You have a confluence of events,” he said. “You have a shrinking world, you have the true bubble of the 1990s that created all of this bandwidth, and then you have this social layer.”
Learn more in the Thunderbird Knowledge Network video below.
|StockTwits Community: StockTwits CEO and Co-founder Howard Lindzon, a 1991 Thunderbird School of Global Management graduate, visits campus April, 21, 2011. View the video on YouTube or on China’s www.tudou.com (2:20).|