Social-Media Platform Stocktwits Nabs $210 Million Valuation
- Meme-stock mania helped fuel growth to 6 million users
- Company competes in part with Twitter, Discord, Reddit
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Stocktwits, a social-media platform used by day traders and other retail investors, raised $30 million in a funding round led by Alameda Research Ventures.
Fueled by meme-stock mania, the company in 2021 saw its user base grow by 50% to 6 million, 1 million of whom are monthly active users, Chief Executive Officer Rishi Khanna said in an interview. Stocktwits is now valued at $210 million, a person with knowledge of the matter said.