The richest niche, twitter, financial tweets
Financial TV asynchronous vs Twitter's big net --
Inside “the richest niche there is” — StockTwits announces new CEO, funding | PandoDaily: "... The biggest sign that StockTwits may be building something interesting was CNBC’s reaction to Melloy’s departure. The news that Melloy was joining StockTwits leaked several months ago, when BuzzFeed reported that the network was considering a breach of contract lawsuit since StockTwits is essentially a media company....StockTwits was an important tool for Melloy at CNBC, where he was in charge of shows like FastMoney. The constant flow of bull/bear opinions on stocks was a useful way to find stories as they were happening. For a news network that has to fill, fill, fill for 17 hours a day, it provided a valuable stream of consciousness feed of what viewers and traders were thinking at any given moment. “It helped guide my news judgement,” he says...."
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Inside “the richest niche there is” — StockTwits announces new CEO, funding | PandoDaily: "... The biggest sign that StockTwits may be building something interesting was CNBC’s reaction to Melloy’s departure. The news that Melloy was joining StockTwits leaked several months ago, when BuzzFeed reported that the network was considering a breach of contract lawsuit since StockTwits is essentially a media company....StockTwits was an important tool for Melloy at CNBC, where he was in charge of shows like FastMoney. The constant flow of bull/bear opinions on stocks was a useful way to find stories as they were happening. For a news network that has to fill, fill, fill for 17 hours a day, it provided a valuable stream of consciousness feed of what viewers and traders were thinking at any given moment. “It helped guide my news judgement,” he says...."
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Financial News or Financial Entertainment
The future of financial TV may be "limited" --
Inside “the richest niche there is” — StockTwits announces new CEO, funding | PandoDaily: " . . . That said, there’s a big difference between journalism and curation. Not just anyone can sit in an anchor or guest chair at CNBC, but anyone can Tweet and throw a dollar sign tag in there. The user generated controls of StockTwits might miss an impending financial collapse like the one experienced in 2008, oh, wait a minute… CNBC was mostly as shocked as everyone else when Lehman collapsed.
That’s not a totally fair jab, but it speaks to the lingering mistrust that networks like CNBC are more entertainment than financial advice. As Jim Cramer said in the above “Daily Show” link part of the problem is they “have” to fill 17 hours of content a day. . . ."
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Inside “the richest niche there is” — StockTwits announces new CEO, funding | PandoDaily: " . . . That said, there’s a big difference between journalism and curation. Not just anyone can sit in an anchor or guest chair at CNBC, but anyone can Tweet and throw a dollar sign tag in there. The user generated controls of StockTwits might miss an impending financial collapse like the one experienced in 2008, oh, wait a minute… CNBC was mostly as shocked as everyone else when Lehman collapsed.
That’s not a totally fair jab, but it speaks to the lingering mistrust that networks like CNBC are more entertainment than financial advice. As Jim Cramer said in the above “Daily Show” link part of the problem is they “have” to fill 17 hours of content a day. . . ."
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Fiat Won Big in Chrysler Deal (video)
Here’s Why Fiat Wins Big in $4.35B Chrysler Deal: Video - Bloomberg: "Jan. 2 (Bloomberg) -- Bloomberg News’ Jamie Butters and Matt Miller break down Fiat’s deal to purchase the remaining stake in Chrysler on Bloomberg Television’s “Market Makers.”"
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