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Social Stock Picking
CNBC.com | April 08, 2009 | 02:10 PM EDT

Social networks are exploding, sparking startups trying to cash in on social chatter. Now a number of those companies are focusing on online talk about stocks, commodities and personal finance. Getting investment advice from people posting 140-character bursts on Twitter doesn't sound like the wisest way to make financial decisions, but it's increasingly popular.

Launched in October, StockTwits.com has 30,000 registered users, following stock commentary from 1,000 people who "tweet" every day for the site. They tag their Twitter posts, about any public company, so the posts appear on StockTwits.com . The site is open to anyone and is populated by professionals and novices alike. So to help users cull through and find the best information, the company has a recommended list of about 50 tweeters with proven records and consistent contributions to the site. Just like with Twitter , you can follow as many contributors as you'd like with their 140-character blasts show up in your Twitter feed.

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