Can TWITTER Move Stocks?

The short answer – I hope so!

All day I get the same question from OLD MEDIA…

What about abuse, pump and dump etc…

No offense old media, but that is what you have been doing in a really bad way for 20 plus years.

Here is my standard template response for all you media fogies:

At Stocktwits, we removed as much pump and dump as possible by elimination 7,000 bulletin board and low priced penny stocks so that keeps the sharks and hucksters off the site. We could care less about traffic and eyeballs. We care about reputation and filters.

CNBC moves stocks and markets everyday with relentless noise so I look forward to the chance when our best contributors who put their ass on the line with real money and real time reputation can move markets. That’s the way Wall Street should work, not CNBC hyping secret meetings and stories with 30 minutes left to the close.