StockTwits, a real time platform for the sharing of information around financial markets, has made it’s second acquisition – a financial news site called Abnormal Returns, founded by Tadas Viskanta. This follows the acquisition of Chart.ly last year.
Abnormal Returns is a small but influential financial news site that includes curated news as well as original content about the financial markets and stocks. StockTwits is taking that platform and adding its real time news and information feed from the StockTwits network. You can see the new feed on the right side of the Abnormal Returns site.
Viskanta will become a StockTwits employee and will continue to manage the Abnormal Returns website and service.
StockTwits was originally built entirely on top of Twitter. In late 2009 the company launched a desktop version of the product and moved to their own messaging platform. Users can still post messages to StockTwits via Twitter, but an increasing number of them have moved directly to the StockTwits application.
The companies aren’t disclosing the terms of the acquisition. StockTwits has raised $4.6 million over three rounds of funding.