Stock Twits, which is a company that provides stock traders with a real time platform to share information, has undergone quite rapid growth recently. The site is visited by more than 465,000 people per month according to Quantcast, which means that the number of visitors has doubled since the month of December when less than 200,000 people used to check in to share information and trade. This has evidently taken place on the back of the evolution of the service which has gone beyond its roots at TweetDeck. The service has managed to create its own ecosystem of investors which is now full of content like news, videos and charts facilitated by an AIR app.
Even better news for the company was that Yahoo had decided to start gathering data from the StockTwits API to add to their individual stock pages. This deal will complement the similar partnerships that the company has going with industry heavyweights such as MarketWatch, CNN, Bloomberg, etc. Even more interesting is the fact that along with the efforts of Yahoo to pull data from the API of StockTwits, the service has also been nicking employees and senior executive officials from the staff of Yahoo.
The man who has for the last five years been responsible for the global product management and strategy for Yahoo, David Putnam, posted on his blog recently that he is about to join StockTwits on the 1st of April as VP of Products. This has come just after StockTwits appointed Chris Bullock as their new Vice President of Corporate Services. Bullock had been working as NASDAQ’s senior managing director for global investor relations services and will now be responsible for bringing in investor relations departments to the ecosystem of StockTwits.