FinLab / Social Commerce / Social Commerce: Stocial Makes Stocks Social

Social Commerce: Stocial Makes Stocks Social

By Rachel Schramm - 20/12/2011 07:00:00

Looking for a friendlier approach to stock trading? Stocial provides an approachable user interface that mixes social media, online games, and the stock market. Some investment-savvy consumers even use Stocial to help prove their trading prowess to potential employers. While it's still in beta stage, Stocial is a new social stock exchange site that's rapidly growing in popularity.

According to TechCrunch, Stocial is the "love child of StockTwits and Yahoo! Finance."^[1] As a combination of realtime market and stock trend updates, key stories from the likes of Bloomberg News, the Wall Street Journal and Business Insider, and a live Twitter feed, Stocial focuses on keeping its users in the know about stock market movements, large and small, using social media.

Beyond the external business updates, Stocial also provides its users with a "Stock Pick" feed that displays what stocks other Stocial users are picking and sharing. Further encouraging engagement, Stocial's social commerce and social stocks platform also allows its users to keep track of specific stocks in their account, customize their news preferences, and follow the stock picks and investments of respected experts.^[1]

Stocial also encourages it's users to interact with the stock market by offering them powerful incentives for their involvement in the website. They hold brief contests in which users are rewarded with cash prizes for successful stock predictions. If enough badges are collected for successful predictions, a user can become eligible for a job interview at a stock trading firm.^[1]

CEO Fahad Kamr describes his vision for Stocial as a platform that organizes aggregated stock data in a completely new way. He believes that “real-time content, trending tickers by social volume, and virtual stock picks”^[2]can make stocks less intimidating and more accessible.

With their simple-to-use, customizable platform, Stocial offers one new approach to stock trading. Their focus on forecasting stock performance and sharing information is one that many users find useful and very attractive. Although the site is still in the testing phase, it is looking to raise funds and open it's doors soon.

References

1. Empson, Rip. "Stocial Launches In Beta To Blend StockTwits With Yahoo Finance (Invites Herein)." TechCrunch (2011): 1. Web. 2 Aug 2011. < "http://techcrunch.com/2011/07/28/stocial-launches-in-beta-to-blend-stocktwits-with-yahoo-finance-invites-herein/" >

2. Greene, Aislyn. “Startup of the Week: Stocial”. TechFlash. (2011). 1. Web. 2. 5 August 2011. <"http://www.techflash.com/seattle/2011/08/startup-of-the-week-stocial.html">

Tags: financial technology innovations, personal finance, social banking, social finance, social media, social networks, stock market, stock trading, Twitter

Check 'n Go – Providing innovative financial products since 1994 such as payday loans and installment loans.

Apply for a loan today

State
First Name
Last Name
Email Address

Share & Like

Regular Contributors

To read more about FinLab’s regular contributors, check out our bio page. If you’d like to share a financial innovation with us, inquire about guest blogging opportunities, or provide feedback, please contact us today.

Hours of Operation for Online Customer Service
Monday – Friday 8am – 8pm (ET)
Saturday 8am – 2pm (ET) Sunday Closed

7755 Montgomery Road Cincinnati, OH 45236

Check 'n Go or third party lenders do not utilize traditional credit checks as part of the payday loan approval process. However, Check 'n Go and third party lenders may, at their discretion, verify application information by using national databases, including but not limited to Teletrack, that may include information relating to previous cash advance transactions that Check 'n Go or third party lenders may take into consideration in the approval process.

*Actual loan amounts vary. See State Center for specific information and requirements.

**Eligibility for the faxless application process depends on the applicant meeting certain qualification criteria. Faxless application process is not available in all states.

***Products or services offered to customers may vary based on customer eligibility and applicable state or federal law.

†Instant payday loans and other same day funds not available in all states and are available only to elligible customers. Restrictions may apply.

Customer Notice: Payday loans should be used for short-term financial needs only, not as a long-term financial solution. Customers with credit difficulties should seek credit counseling.

Check 'n Go is currently operating in: Alabama, California, Delaware, Florida, Hawaii,Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Michigan, Mississippi, Missouri,Montana, Nebraska, Nevada, New Mexico, North Dakota, Ohio, Oklahoma, Rhode Island,South Carolina, South Dakota, Tennessee, Texas, Utah, Wisconsin, and Wyoming.

Check 'n Go OH License #SM.501663 and #CS.900077.000, and #CC700416. Rhode Island licensed check casher. Licensed by the California Department of Corporations pursuant to the California Deferred Deposit Transaction Law. California loans other than deferred deposit loans are issued pursuant to the California Finance Lenders Law. Texas and Ohio-Loans originated by a third party lender, restrictions apply.

Checkngo.com Terms and Conditions of Web Site Usage