StockTwits CEO Howard Lindzon “Disappointed” With Twitter’s “Cashtags”
Howard Lindzon, the CEO of StockTwits said that he is disappointed with “cash tags.” Twitter’s “cash tags” are like hashtags, but they are related to stock prices. The “cash tags” are distinguished by adding a $ sign before a stock symbol. Lindzon wrote a blog post that said:
“I am disappointed of course that Twitter is hijacking our idea and time (will only confuse the masses), but Stocktwits moved beyond that basic functionality four years ago. In a dirty way, it’s the ultimate compliment so we will take it as such for the moment and keep rolling out functionality that makes us the best real-time communication platform for people that love stocks and markets.”
He added “You can hijack a plane but it does not mean you know how to fly it.” Twitter reps could not be reached for comment, however it should be noted that other Twitter innovations, like hashtags, were started by users, rather than the compay itself. Meanwhile, some users were debating the issue on Twitter Tuesday morning.