Twitter Launches "CashTags", Clickable Stock Symbols To Track Your Investment

Twitter is arguably the best source for real-time data, and since its establishment has played a radical role as a social media platform. Going forward with the custom, Twitter has announced a new feature in the form of "cashtags". Cashtags, are clickable symbols for stocks and companies that are preceded by a dollar sign to render results for the particular symbols' current stock status.

The announcement was made by Twitter through its official Twitter account, giving an example of "$GE" where GE is the stock symbol for General Electric. Similarly, users can search for stock of companies like Apple ($AAPL) and Google ($GOOG) by entering their stock symbols on twitter. Care has to be taken to feed the correct stock symbol for the company, as mistakenly entering $APPL for Apple would not effectuate a clickable symbol.

#-Link-Snipped-#

Another thing that has been noted by peers is the striking similarity between "Cashtags" and StockTwits who provide the same functions, except the latter is fully fledged. Though Twitter's own hashtags would prove to be at an advantage as they are integrated and quicker to access, given the stock symbols are known.

Such a feature should be of great benefit, especially during major stock events, like in the case of the recent Facebook earnings call, where "Cashtags" could have pictured a panorama of thoughts on what Zuckerberg and company shared.

Source: #-Link-Snipped-# Image Credit: #-Link-Snipped-#