Investors Now Using Twitter To Choose Stocks

A new index fund has been launched that tracks the stocks most heavily tweeted about on Twitter. Financial data analytics company Market Prophit launched the index, which is based on the concept that chatter on social media can be used as an indication of a stock‚Äôs positive or negative market sentiment. Mining this type of … Read more

Fitbit Preparing For Initial Public Offering

San Francisco-based Fitbit, a leading maker of fitness- and health-tracking gadgets, wants to raise $100 million in common stock on the New York Stock Exchange in its initial public offering, according to a filing with the Securities and Exchange Commission. The lead underwriters for the IPO are Morgan Stanley, Deutsche Bank and Bank of America … Read more