Wednesday, January 8, 2014

StockTwits Raises New Funding, Swaps CEO

San Diego-based stock tip messaging service Stocktwits said last week that it has raised a new round of funding, and named a new CEO. The company said the new funding brings its total raised to $10M. As part of the funding, founder and CEO Howard Lindzon said that he has named a replacement, John Melloy, and will become Chairman of the company. Melloy was previously at Bloomberg, and was the Executive Producer of CNBC's Fast Money. Stocktwits operates an online, micro-messaging service focused on trading stock tips, and has often been likened to a "Twitter for stock traders". The company did not say where the new funding came from, but it has previously raised funding from Foundry Group and True Ventures. More information »

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