Wired Head

StockTwits nails stockpicking on Twitter

StockTwits, a two month-old site that lets you track messages on micro-blogging service Twitter about public company stock performance, has closed a first round of venture funding. The investors, all individuals, are a wide range of Twitter-loving finance types who have become addicted to the service.

StockTwits is an open, community-powered idea and information service for investments. Users can eavesdrop on traders and investors, or contribute to the conversation and build their reputation as savvy market wizards. The service takes financial related data - using Twitter as the content production platform - and structures it by stock, user, reputation, etc.