Show HN: My cofounder and I created a social platform for investment ideas • Hacker News Board

Re: Show HN: My cofounder and I created a social platform for investment ideas

#21

Post by tschellenbach » Wed, Apr 21, 2021, 10:19 PM UTC

Stocktwits/eToro are both quite popular.

Re: Show HN: My cofounder and I created a social platform for investment ideas

#22

Post by [deleted] » Wed, Apr 21, 2021, 10:20 PM UTC

[deleted]

Re: Show HN: My cofounder and I created a social platform for investment ideas

#23

Post by sidlls » Wed, Apr 21, 2021, 10:28 PM UTC

sergiomattei wrote: post #5

Wow, what a beautiful platform with great UX. I'm a fan!

I might post a similar comment, but it’d be very sarcastic. I took one look and closed the tab.

Re: Show HN: My cofounder and I created a social platform for investment ideas

#24

Post by slimeylimey » Wed, Apr 21, 2021, 10:53 PM UTC

I'm curious about the idea of a social investment platform, if someone gained a significant following on a platform like this could they end up being charged with market manipulation? I can imagine someone with a significant following on a platform like this could potentially be able to have some small sway on parts of the market.

Re: Show HN: My cofounder and I created a social platform for investment ideas

#25

Post by ab_testing » Wed, Apr 21, 2021, 10:54 PM UTC

WSB lite ?

Re: Show HN: My cofounder and I created a social platform for investment ideas

#26

Post by stevewodil » Wed, Apr 21, 2021, 10:56 PM UTC

tschellenbach wrote: post #21

Stocktwits/eToro are both quite popular.

If a signal to noise ratio could be negative Stocktwits would be negative. The content on there is absolute bottom of the barrel garbage from Robinhood traders.

This platform has a lot of cool new ideas and I hope it works

Re: Show HN: My cofounder and I created a social platform for investment ideas

#27

Post by high_byte » Wed, Apr 21, 2021, 10:57 PM UTC

slimeylimey wrote: post #24

I'm curious about the idea of a social investment platform, if someone gained a significant following on a platform like this could they end up being charged with market manipulation? I can imagine someone with a significant following on a platform like this could potentially be able to have some small sway on parts of the market.

on eToro, the top investors have hundreds of thousands to low millions under management. I think the top investor has 5m or 10m under management which is the maximum allowed, I assume by some regulation. meanwhile, billionaires drop billion dollar trades left and right.

Re: Show HN: My cofounder and I created a social platform for investment ideas

#28

Post by high_byte » Wed, Apr 21, 2021, 11:01 PM UTC

aqme28 wrote: post #19

101008 wrote: post #3

What's the difference with eToro?

I just spent five minutes looking at eToro's landing page and I cannot figure out what that site does.

supposedly Facebook for stock market. more like Twitter imo.

Re: Show HN: My cofounder and I created a social platform for investment ideas

#29

Post by jsomau » Wed, Apr 21, 2021, 11:24 PM UTC

This new wave of social investment platforms is really exciting. Stocktwits is just noise. I'm still shocked Twitter hasn't capitalized on cashtags by at least showing market data. I've recently been a big fan of Commonstock: https://commonstock.com/ it actually allows you to link your broker through Plaid and shows a leaderboard based on actual % gain on positions.

That said, I like you bringing more competition to the scene!

Re: Show HN: My cofounder and I created a social platform for investment ideas

#30

Post by joadha » Wed, Apr 21, 2021, 11:42 PM UTC

Please stop with the icon menu bars. It is 2021, and people are still doing this. Why. Just stop. Arrrgh.

Anyway, I absolutely love this idea! I signed up and am poking around now. I think I already like this more than Benzinga, Stocktwits, SeekingAlpha, you-name-it.