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.
"The crux of it is, we want investors who are highly engaged," Public COO Stephen Sikes says, noting Stocktwits users generally trade more often.
https://www.axios.com/pro/fintech-deals/2024/04/16/public-acquires-stocktwits-trading-accounts