Stock-trading company Public agreed to acquire over 15,000 brokerage accounts from Stocktwits, which marks Stocktwits' exit from the stock-brokerage business, just two years after it joined the fray. The transaction (expected to close in about 30 days) is valued at under $10m, according to a source familiar with the matter.
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Public acquires Stocktwits trading accounts
"The crux of it is, we want investors who are highly engaged," Public COO Stephen Sikes says, noting Stocktwits users generally trade more often.
