StockTwits Buys SparkFin to Grow Investor Offering
The price discovery social app will begin migrating features to StockTwits' platform immediately.
Launched in 2015, SparkFin creates and maintains lists of stocks that are either editorially managed or based on market and fundamental data. SparkFin lists can also be created and voted on by users.
"We have seen very strong growth since launching last year," says Jason Pang, chief executive of SparkFin, in a statement. "Would-be investors who want to use SparkFin lists to get a jumpstart picking a portfolio will have a wider community with which to interact at StockTwits, and experienced investors can generate new ideas with the data."
In a message posted on the SparkFin website, the founders said they are "excited to continue this venture as part of the innovative and dedicated StockTwits team to build a better product for you, our community."
Following the acquisition, SparkFin will begin the process of "sunsetting" its app from Monday, Jan. 23 as it integrates its features into StockTwits' platform. Stock data will stop updating in the SparkFin app from tomorrow, Friday, Jan. 20.
SparkFin's staff will join StockTwits' existing San Diego operations.
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