Public has acquired Stocktwits, a community for for real-time discussions and news on stocks and crypto, with the deal aimed at expanding the former’s brokerage services.
The acquisition will see tens of thousands of Stocktwits’ brokerage customers transition to Public’s platform. Although the exact financial terms of the deal were not disclosed, the strategic fit provides a clear rationale for the acquisition, highlighting a mutual enhancement of service offerings and community engagement between the two companies.
Public serves as a multifaceted investing platform where investors have access to a wide array of financial instruments including stocks, bonds, options, and more. Its recent introductions of high-yield cash accounts and expanded options trading capabilities underscore its role as a primary financial hub for investors.
Stocktwits, on the other hand, is renowned for its dynamic and engaging community where discussions about financial markets, particularly earnings and cryptocurrency insights, thrive. Its platform facilitates an environment rich in communication and community-oriented features, making it a staple in the digital discourse of finance.
As part of the acquisition, which is expected to close within the next 30 days, Public will not only integrate Stocktwits’ TradeApp but also collaborate on new community outreach initiatives. These include the launch of Howard Lindzon’s show “Trends with Friends,” which aims to leverage both platforms’ strengths to enhance user experience and market engagement.
Following the acquisition, Stocktwits will continue to operate its core services independently, ensuring that its members can still engage with its social feeds and community discussions. Members who prefer not to transition to Public will be given a 30-day period to opt out, after which the remaining accounts will automatically transfer to Public’s platform.
Public COO Stephen Sikes said, “After launching bonds, a high-yield cash account, and options trading, Public’s platform has earned the right to be the primary brokerage platform for many investors, and we look forward to offering the full breadth of our platform to Stocktwits customers.”
Stocktwits CEO Howard Lindzon said, “We’re doubling down on our strengths, our core social and community offering, and real-time discussions, especially around earnings events. Members will be able to access a full breadth of brokerage services on Public and still access Stocktwits for vital data and news and the new 24/7/365 era of crypto that will be available on Stocktwits.”
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