Morningstar

Twitter Could Help Investors Profit Long Before The IPO (TWTR) – October 18, 2013

Twitter is expected to go public in the not-too-distant future.

While some investors may be waiting for that moment to cash in, others may already have the opportunity to profit from Twitter — by using its service as an investing tool.

Market Prophit, a new website from Wall Street veteran Igor Gonta, was conceived after Gonta discovered a hedge fund (Derwent Capital) that used Twitter to improve its investing strategy. He became very intrigued by this concept and began to realize that investing-related tweets (those with a dollar sign hashtag) could be quite useful to investors. (more)