Canadian Entrepreneur Accuses Twitter of Hijacking His Concept

By: Kuljit Grewal  |   July 31st, 2012   |   Business, News, O Canada, Social Media

Howard Lindzon, the founder of StockTwits, a service that organizes investment information from Twitter has got a major bone to pick with Twitter. The company, which deploys “cashtags” – hashtag style metadata tags that begin with the “$” symbol rather than the hash (#) to track and parlay its investment information has accused Twitter of “hijacking” their core feature.


According to Lindzon’s personal blog, he had developed and employed the “cashtag” feature over four years ago and even presented the idea to Twitter mere months ago. At that time, they expressed little interest in the concept, but that seems to have changed, much to the ire of StockTwits CEO.


In what can strongly be considered as utter thievery, Twitter announced the integration of “cashtags” into their service, offering ticker symbols (i.e. $GOOG for Google) that can be clicked for search results pertaining to that particular company.


Lindzon expresses his disappointment with the platform his company is based off of mainly in fear of it resulting in an inferior product. The result he feels would confuse users and is the best example of imitation representing the ultimate form of flattery.


StockTwits boasts various large firms such as CNN Money, Bloomberg, the Globe and Mail and MSN as customers, and have been working diligently to grow that list. It will be interesting to see if Twitter’s adoption of the tags kills Twits, or whether the company’s features all it to rise to the top.

  • Comment by cheap seo services: ( September 20th, 2012 at 5:31 am )

    GyD5TA Thanks for sharing, this is a fantastic blog article.Thanks Again. Will read on…

  • Comment by crork: ( September 19th, 2012 at 7:46 pm )

    slyI3d I appreciate you sharing this blog.Much thanks again. Awesome.

  • Comment by Sherman Powe: ( September 17th, 2012 at 7:57 pm )

    I dugg some of you post as I thought they were very helpful very beneficial

  • Comment by Soren Chaisson: ( September 9th, 2012 at 5:19 am )

    A big thank you for your post.Much thanks again. Fantastic.

  • Comment by Kamryn Cavazos: ( September 6th, 2012 at 3:48 am )

    Enjoyed every bit of your article post.

  • Comment by Tristen Peaslee: ( September 6th, 2012 at 3:17 am )

    wow, awesome post.Much thanks again. Awesome.

  • Comment by web proxy server: ( September 5th, 2012 at 9:37 pm )

    I tend not to write a great deal of responses, but I read a few of the responses on BLOG

  • Comment by Jamya Overbey: ( September 5th, 2012 at 7:29 pm )

    Really enjoyed this article.Thanks Again. Awesome.

  • Comment by Wendy Gilmore: ( September 5th, 2012 at 11:42 am )

    A round of applause for your post. Fantastic.

  • Comment by Haiden Koepke: ( September 5th, 2012 at 4:07 am )

    I truly appreciate this blog.Much thanks again. Really Great.

  • Comment by traducere croata romana: ( September 4th, 2012 at 8:05 am )

    Excellent post. I was checking constantly this blog and I’m impressed! Very useful info particularly the last part I care for such information a lot. I was looking for this particular information for a very long time. Thank you and good luck.

  • Comment by Lamont Tucci: ( September 2nd, 2012 at 4:57 pm )

    Looking forward to reading more. Great post.Really looking forward to read more. Fantastic.

Leave a Reply

Your email address will not be published. Required fields are marked *