In The News

Howard Lindzon, star of the virtual trading floor

Katia Snukal | Wednesday, February 10, 2010

A feature in the Globe & Mail looks at the career of successful Toronto entrepreneur, Howard Lindzon. Lindzon's most recent venture StockTwits, a twitter-powered site for traders and investors, has already reached 100,000 registered users within its first year.

"As soon as I realized that the Twitter thing was probably breeding some good stock commentary, I found StockTwits in February, 2009," said Mr. Gomez, who has a website with his trading partner called Todaytrader.com. "The idea flow is great, and just like in a real room you can start to get the personality of people after following them. You can't fake it on there. So the cream really rises to the top and that's fun to watch."

"StockTwits is the embodiment of social media, the empowerment of the basement day trader or the small-time money manager. It's a platform where users get judged on the quality of their picks, links and views, not by the names of the too-big-to-fail banks that employ most of the experts given exposure by the mainstream media."

"Mr. Lindzon started this "Facebook of finance" in 2009, and today it has 100,000 registered users and receives more than 8,000 tweets per trading day. It was the seemingly natural next step of a career that has so far seen him dabble - often to great profit - in technology, finance, his leisure-time passion of golf, and even little squeeze balls with corporate logos. "

read full story here
original source Globe & Mail

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