StockTwits, a financial communications platform for the investing community, has announced that Former Yahoo CEO Ross Levinsohn has joined its board.
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The startup calls itself the #1 social network for finance. StockTwits boasts that it helps its users to quickly catch up on what is happening with the stocks you own and which companies everyone is talking about today. Its website states that, “The future of investing is social. Connect with other active investors before making your next trade. Find and follow top pros and discover new ideas.”
John Melloy, Stockwits CEO, was quoted in Businessinsider.com as saying, “I couldn’t be happier to have a great media and tech mind like Ross join the board. After we met, he immediately saw the potential with our niche social network.”
The move comes as the company plans a complete redesign for its website.
Ross Levinsohn most recently served as the CEO of Guggenheim Digital Media, a position which he held since January of 2013. There he helped the asset management firm in a number of acquisitions, such as that of on line live streaming television show service Hulu. Levinsohn left that company in June.
On July 31st he was appointed executive chairman of the male focused media network Scout. There he was reunited with James Heckman, with whom he had worked in the past and who serves as Scout’s CEO.
In addition to serving on the company’s board of directors, Levinsohn will also take the lead in Scout’s strategic expansion.
Mr. Levinsohn also serves on the boards of the Tribune Co., Zefr, Millennial Media and the National Association of Television Program Executives.
Livinsohn was also appointed to the media company DramaFever’s board of directors last month. That firm owns and operates channels that have more than 20 million viewers a month.
He has previously worked for News Corporation and HBO and was the managing director for Fuse Capital.
In May 2012 he was appointed the interim CEO of Yahoo. But when a few months later that company passed him over in favor of Google’s Marissa Mayer as its permanent CEO he choose to leave it.