(Reuters) - Stocktwits.com launched equities trading on its social media platform for individual investors on Tuesday, months after it brought out crypto trading, betting that a more connected community can navigate dire stock markets.
A popular venue for exchanging trading ideas, Stocktwits was among the online message boards that helped retail investors band together to drive eye-watering gains in meme stocks such as GameStop and AMC last year, squeezing bearish hedge funds.
Trading will directly be available on the platform through Stocktwits's broker-dealer subsidiary, ST Invest LLC, and users can choose to make their trades public, the company said.
"You can show your community that you actually own the stock that you're talking about and that will help build trust in the community," said Rishi Khanna, the chief executive officer of Stocktwits.
Trading activity of individual investors has waned from the highs of 2021, as fears of interest rate hikes and surging inflation...
Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.
INN caught up with cryptocurrency investment expert Dan Hoover to review the current landscape and where the market may be heading. The cryptocurrency investment marketplace has gone through severa...