My Sunday Washington Post Business Section column is out. This morning, we look at How Twitter is becoming your first source of investment news.
Here’s an excerpt from the column:
“Are you sensing a pattern here? Getting more and more of our news from the social network is having significant repercussions for markets — and your money.
These sorts of obscure and wonky analyses never used to see the light of the day outside of academia. Today, however, Twitter has created interconnected communities of professionals that encourage these memes to spread fast and wide.
In less than seven years, Twitter has gone mainstream. Companies such as StockTwits have built entire networks on he Twitter platform, populated with several hundred thousand traders. (Disclosure: I am a venture investor in StockTwits.) Even the Bloomberg data service now has curated Twitter feeds on its terminals.
Twitter has become a powerful tool for traders, investors and journalists. Academia has noticed. Sandy Pentland and Yaniv Altshuler of the MIT media lab in Boston are trying to determine how investors are using Twitter to gain an edge in the markets. Traders are incorporating social media into their information consumption, and it is tremendously useful to them.”
Full column is here
How Twitter is becoming your first source of investment news
Washington Post, April 21 2013 http://www.washingtonpost.com/business/how-twitter-is-becoming-your-first-source-of-investment-news/2013/04/19/19211044-a7b3-11e2-a8e2-5b98cb59187f_story.html