Money and Friends
Before bitching about anything tech-related today, please remember that 670 million people are currently without power in India. [Reuters]
The iPhone almost didn’t make it out of development hell, says Sir Jonathan Ive. [Telegraph]
Twitter has launched clickable stock tickers called Cashtags. The CEO of Stocktwits is not happy with this “hijacking” of his idea. [Howard Lindzon]
Facebook is reportedly introducing a “Save for Later” feature. All of a sudden it’s awful crowded on the bottom of your status update. [The Verge]
Social media is the new focus group. [New York Times]
The Obama campaign now has an app. So far, it is only available for iPhone. Naturally. [All Things D]
Roboinvest, which lets ordinary folks follow each others’ trades in real-time, booted up at the end of January with a partnership with amateur trading clearinghouse E*TRADE. The startup has processed $2.5 million in trades and grown to 1,300 users since then, founder Michael Giles told Betabeat, with only some seed money and a full-time team of two.
The trick to Roboinvest is “one-click copy trading,” the feature that launched just over two weeks ago and got the attention of Bloomberg’s Businessweek. Broadcast your trades in real-time on Roboinvest, and your followers have 30 minutes to decide if they want to copy your move. “Most people know somebody who trades, and they always want to know what they’re doing,” he said. “It’s trading for the rest of us. Anybody with a trading account can use Roboinvest.”
There comes a time in every start-up’s life when they have to move beyond, “If we build it, they will come,” and start focusing on guap. For StockTwits co-founder and investor Howard Lindzon, that time is nigh. But rather than the typical advertising or premium membership route, Lindzon’s New York- and San Diego-based Twitter-based financial network for traders and investors has opted to disrupt the staid field of corporate investor relations. Betabeat talked to StockTwits investor and executive editor Phil Pearlman today to find out why.