It’s no surprise that Twitter – the ingenious and versatile social platform – has been called the “new ticker tape” and is hailed as a valuable tool for gaining an edge in the markets.
After all, dating to the advent of carrier pigeons, every technology breakthrough finds financiers and speculators among the earliest adopters.
The first ticker-tape machines were installed in only a handful of New York banks. Big investment firms were among the first to buy access to undersea telegraph cables. Cheap fiber networks spurred the creation of high-frequency trading bots and $8 online stock trades.
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