TechCrunch50 Honors StockMood.com With the Thomson Reuters Award for Best Business-to-Professionals Start-Up
ATHERTON, Calif.--(BUSINESS WIRE)--The organizers of TechCrunch50 in partnership with Thomson Reuters,
recognize TechCrunch50 finalist StockMood.com as the winner of the
Thomson Reuters Award for “Best
Business-to-Professional Start-Up”. The Award
celebrates excellence in both product intent and business model promise,
specifically in the intelligent information category. StockMood.com is a
newly launched start-up venture that uses advanced artificial
intelligence to analyze news stories, classify their sentiment, and then
measure their potential impact on stock price direction.
The Thomson Reuters Award for “Best
Business-to-Professional Start-Up” was
presented at the TechCrunch50 conference in San Francisco. TechCrunch50
provides a platform for early-stage, and frequently unfunded, companies
to launch for the first time to the technology industry’s
most influential venture capitalists, corporations, angel investors,
fellow entrepreneurs and the international media. Companies are selected
to participate exclusively on merit.
“The TechCrunch50 team is very pleased to be
working with Thomson Reuters to recognize StockMood.com,”
said Heather Harde, TechCrunch CEO. “The ‘Best
Business-to-Professional’ award provides the
TechCrunch50 finalists with an additional platform for recognition. We
are honored to be working with a partner as prestigious as Thomson
Reuters to highlight early stage, technology start-up excellence in the
intelligent information category.”
StockMood.com Measures How a Stock’s Price
Responds to News
StockMood.com employs an artificial intelligence algorithm to measure
how a stock’s price responds to news. Each
news article on StockMood.com is individually ingested, and its
sentiment assessed by natural language processing models, created by
machine learning algorithms. When a stock is in a “good
mood,” the stock price responds favorably to
good news, and has a tendency to shrug off the bad news. The opposite is
true for stocks identified as being in a “bad
mood”. When both the mood and the sentiment
values for a stock reach certain empirically determined thresholds, a
Sentiment Alert is issued, indicating a relatively high probability of
movement over the next few days. Product users are given the opportunity
to contribute their own opinions regarding the sentiment of individual
news articles, thus providing the artificial intelligence algorithms
with feedback they can use to refine their future judgments, and adding
a “crowd source”
aspect to the product offering.
“StockMood.com was one of the stand-out
start-ups at TechCrunch50, providing intelligent information to a
professional audience to help them make better and faster business
decisions,” said Marcy Simon, Global
Marketing Strategist for Thomas Reuters. “We
chose to recognize StockMood.com with our ‘Best
Business-to-Professional’ award to highlight
the company’s innovation and business model
acumen. Given the current economic and financial climate, we believe
there is a niche which the StockMood.com product has identified, and we
wish them the best of luck for their future.”
StockMood.com is currently in a BETA testing phase. To become a
StockMood.com BETA tester, send email to L.halperin@lagovent.com.
“We are thrilled to accept this award from
Thomas Reuters,” said Brett Markinson,
founder and CEO of StockMood.com. “To be
recognized by Thomas Reuters is an honor for StockMood.com and an
absolutely terrific, extremely gratifying way for us to conclude our
TechCrunch50 experience.”
About TechCrunch50
Founded in 2007 by leading technology blog TechCrunch and entrepreneur
Jason Calacanis, the TechCrunch50 conference provides a platform for
early-stage, and frequently unfunded, companies to launch for the first
time to the technology industry’s most
influential venture capitalists, corporations, angel investors, fellow
entrepreneurs and the international media. Companies are selected to
participate exclusively on merit. TechCrunch50 is supported by corporate
sponsors Google, Microsoft, MySpace, Salesforce, MSN Money, Symantec,
Thomson Reuters and Yahoo!, as well as venture capital firms including Sequoia
Capital, Mayfield
Fund, Clearstone
Venture Partners, Charles
River Ventures, Founders Fund, Perkins Coie and Fenwick
& West.
About Thomson Reuters
Thomson Reuters is the world’s leading source
of intelligent information for businesses and professionals. We combine
industry expertise with innovative technology to deliver critical
information to leading decision makers in the financial, legal, tax and
accounting, scientific, healthcare and media markets, powered by the
world’s most trusted news organization. With
headquarters in New York and major operations in London and Eagan,
Minnesota, Thomson Reuters employs more than 50,000 people in 93
countries. Thomson Reuters shares are listed on the New York Stock
Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock
Exchange (LSE: TRIL); and Nasdaq (NASDAQ: TRIN). For more information,
go to www.thomsonreuters.com.
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