Winklevoss Twins Buy Their Way Into Better Stock Tips
Months after settling their lawsuit against Facebook co-founder Mark Zuckerberg, the Winklevoss twins of "The Social Network" fame have just dropped $1 million in what journalists are calling "Facebook for investors." Launched in 2010, SumZero joins the ranks of StockTwits and Stockr as a place where people can go to share ideas on investments and stock trading. The difference is that membership is exclusive to buy-side investment analysts who work in hedge funds, mutual funds, and private-equity firms.
The Winklevoss twins of “The Social Network” fame have just dropped $1 million in what journalists are calling “Facebook for investors.” Launched in 2010, SumZero joins the ranks of StockTwits and Stockr as a place where people can go to share ideas on investments and stock trading.
The difference is that membership is exclusive to buy-side investment analysts who work in hedge funds, mutual funds, and private-equity firms. According to the Wall Street Journal, SumZero co-founder Divya Narendra has hand-picked the community of around 7,500 members, rejecting 75 percent of the applicants.
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