John Melloy, an executive producer at CNBC, is leaving the financial news network in order to become the Chief Executive Officer of StockTwits, according to reports this afternoon. StockTwits was an early innovator in the world of social finance. The company claims to have invented the # prefix for stocks that is so popular on Twitter, and serves as a metric of the market.
The move demonstrates the pressure on traditional media to keep talent as web start-ups continue to become a major source of information for so many consumers. In an investment world where information is king, StockTwits is able to deliver more information at...
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