Twitter App Investors Still Writing Checks: StockTwits Raises a Round
Summary
Nope, Twitter still hasn’t trotted out a business model yet–a couple of sponsorships from the likes of an AT&T (T) don’t cut it. But it’s a nonissue for a growing number of start-ups hoping to succeed simply by positioning themselves in Twitter’s general vicinity. It doesn’t need one: If you want to take advantage of Twitter’s data and users, you can just plug right in for free via its open API. StockTwits users employ Twitter to pass along investment ideas, but beyond that, it’s a fairly straightforward stock message board, the kind we’ve seen since the first Web boom. Lindzon and co-founder Soren Macbeth plan to make money via ads and by publishing newsletters/blogs on behalf of some StockTwits users, (two of whom are already selling their investment advice for $60 a month).
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