Toronto-born entrepreneur Howard Lindzon, who was a favourite at last year's GROW Conference, is fuming.
He was told by Twitter months ago in a "detailed email" that the social network had no interest in dealing with what it now dubs "cashtags," which are stock ticker symbols on Twitter ($FB for Facebook, as opposed to hashtag #Facebook, for example). That was good news for him, because his pet project, Stocktwits, has been doing just that for four years.
Suddenly, though, Twitter reversed its opinion on the matter and has now stolen the Canadian's creation without warning, according to Howard. That seems plenty annoying, even though Howard doesn't rely on Stocktwits to pay his bills. In fact, he may be more upset about the fact that Twitter will deliver an inferior product, and arguing this move "will only confuse the masses," as suggested by his tone on a recount of the situation.
"I am disappointed of course that Twitter is hijacking our idea and time," Howard writes on his blog. "You can hijack a plane but it does not mean you know how to fly it." He goes on to state that his company "provides context, curation, and community"—something Twitter's lacklustre replica fails to offer.
He concludes bitterly: "In a dirty way, it’s the ultimate compliment."