Twitter Rolls Out ‘Cashtags’ for Stock Symbols

New feature makes following stock market conversation easy

   
Twitter Rolls Out ‘Cashtags’ for Stock Symbols

Following the stock market with social media is now easier than ever thanks to a new Twitter feature. “Cashtags,” which require a “$” followed by the ticker symbol, are a similar concept (obviously) as hashtags. Users can click on the cashtag and see other posts that contain the same ticker.

So if someone tweets about Google (NASDAQ:GOOG) with $GOOG, or Apple (NASDAQ:AAPL) with $AAPL, you can click on the symbol and see what else is being said about that same stock — just as you can currently do with hashtags like #nbcfail.

The idea, though, isn’t original — StockTwits started using it years ago.

And StockTwits doesn’t seem to be too happy about Twitter implementing their feature. “You can hijack a plane but it does not mean you know how to fly it,” CEO Howard Lindzon wrote recently.

Twitter had announced the new feature, fittingly, in a tweet. It read, “Now you can click on ticker symbols like $GE (NYSE:GE) on twitter.com to see search results about stocks and companies.”


Article printed from InvestorPlace Media, http://investorplace.com/2012/08/twitter-rolls-out-cashtags-for-stock-symbols/.

©2014 InvestorPlace Media, LLC

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