Twitter Introduces the $Cashtag

Move angers StockTwits

By Kevin Spak,  Newser Staff

Posted Jul 31, 2012 10:09 AM CDT

(Newser) – Hashtags got a baby brother last night when Twitter rolled out a new feature allowing users to create clickable stock symbols by prefacing them with a dollar sign, an innovation people are already calling the "cashtag." If you were tweeting about Apple, for instance, you could include "$AAPL" in your tweet. Anyone clicking on that cashtag will see what people are saying about that company, TechCrunch reports.

Why didn't anyone think of this sooner? Well, someone did. StockTwits, a microblogging site for investors, has been using the dollar sign tag for years, and its co-founder isn't happy. "It's interesting that Twitter has hijacked our creation," he wrote on his blog. "It only took four years to 'fill' this hole, though a few months back they told me in a detailed email it was not a hole they wanted to fill." He predicts Twitter will have problems curating its content and notes that StockTwits has the investor community that Twitter doesn't.

In this June 23, 2010 file photo, a Twitter sign hangs at the offices of Twitter Inc., in San Francisco.   (AP Photo/Jeff Chiu, File)
« Prev« Prev | Next »Next » Slideshow
My TakeCLICK BELOW TO VOTE
33%
8%
44%
5%
9%
2%
To report an error on this story, notify our editors.

NEWS FROM OUR PARTNERS
Other Sites We Like:   The Street   |   MSN Living   |   PopSugar Tech   |   RealClear   |   24/7 Wall St.   |   Biography   |   Barstool Sports   |   OK!