Vancouver Twitter app acquired by Howard Lindzon

Posted by Rob Lewis

Earlier today TechCrunch's Erick Schonfeld wrote that "businesses that are being built on top of Twitter are starting to consume others that were in fact features of those very businesses to begin with".  Wrap your head around that idea.

Schonfeld's post sepcifically refers to Howard Lindzon's StockTwits purchasing Ardash Pallian's Chart.ly. It turns out Vancouverite Pallian designed the Chart.ly stock-chart service specifically for StockTwits.

Howard Lindzon, the founder of StockTwits (and before that, WallStrip), confirms to me that StockTwits now owns the code behind Chart.ly and that its creator, Adarsh Pallian, will continue to oversee the development site. Lindzon will help with ad deals. He paid less than $10,000 for the development work and will now split ad-revenues on Chart.ly 50/50 with Pallian.

In a world of open APIs, this is how small M&A deals are done. Pallian came to StockTwits with his idea for Chart.ly and just went out and built it. “He just came to us,” says Lindzon. “He is a young guy who wanted to design something for us, and we didn’t have the time.” Lindzon and his team were more focused on the stream of data coming into StockTwits, which currently has 70,000 followers on Twitter. Since Chart.ly launched a few weeks ago, about 3,000 stock charts have been created and shared. It was an obvious feature for StockTwits. Pallian proved that it was a good idea by building it and gaining traction for the feature quickly. Right now it is connected to StockTwits loosely, but will become more integrated now that StockTwits owns it.

Congrats to Pallian. I suspect we'll hear plenty more from him soon as we covered his Tweetizen tool for creating Twitter groups just a couple months ago.

Company:
Twitter
Website:
http://www.twitter.com
Location:
San Francisco, California, United States

Twitter is a privately funded startup with offices in the SoMA neighborhood of San Francisco, CA. Started as a side project in March of 2006, Twitter has grown into a real-time short messaging service that works over multiple networks and devices. In countries all around the world, people follow the sources most relevant to them and access information via Twitter as it happens—from breaking world news to updates... more

Company:
StockTwits
Website:
http://www.StockTwits.com
Location:
Toronto, Ontario, Canada

StockTwits is an open, community-powered idea and information service for investments. Users can eavesdrop on traders and investors, or contribute to the conversation and build their reputation as savvy market wizards. The service takes financial related data - using Twitter as the content production platform - and structures it by stock, user, reputation, etc. Log into the site with your Twitter details and you... more

Company:
Tweetizen
Website:
http://www.tweetizen.com/
Location:
Vancouver, British Columbia, Canada

Tweetizen is a simple web-based tool designed to help you filter the daily influx of tweets, and easily find the ones that are relevant to you. Use Tweetizen to create twitter groups, and you'll be able to stay on top of what's happening in all your areas of interest. Imagine having instant access to breaking news and the latest tweets on news, politics, technology, gossip, fashion etc. all in one place, rather... more

Company:
Pallian Creative
Website:
http://www.pallian.com
Location:
Vancouver, British Columbia, Canada

Realize the potential you see in your ideas with innovative strategy and online marketing measures. Your work doesn’t stop at launch. Why should ours? Pallian delivers concrete strategic thinking and marketing direction that can transform your concept from vision to reality. Designed for both pre-launch and post-launch scenarios, we provide consulting with the singular goal of achieving real, targeted results.... more


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Rob Lewis

Rob Lewis

Rob is the President of Techvibes Media and Editor-in-Chief of Techvibes.com.  His diverse background includes stints in International Trade Finance, Web Development, and Enterprise Software and he is a graduate of the University of British Columbia, British Columbia Institute of Technology, and Simon Fraser University. When not running Canada's leading technology media property, Rob can be... more



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