A blog about the development of www.stockray.com, the virtual stock market for the things you care about.
Thursday, January 31, 2013
Tuesday, January 22, 2013
The new StockRay launches today!
Tens of thousands of trades. Hundreds of stock requests. Tens of millions of accumulated StockRay dollars. Countless conversations over email, phone, in person, and even via Facebook messages and texts. We're grateful for each and every one of these, and to address everything we've seen, heard, and experienced, we've spent the last few months making major changes to every aspect of the platform:
- Stock prices:
We've completely redesigned the way prices are determined. The basic idea is still the same: prices go up when people buy and go down when people sell, but we developed new calculations from scratch for a much sturdier, more dynamic platform where nothing matters but your ability to pick stocks.
- More cash:
We're thrilled and amazed by the enormous fortunes some StockRay portfolios have built over the past few months -- going from the initial ten thousand StockRay dollars to sums over a million! While there's still no shortcut to boosting your performance, topping ranking charts, or achieving higher levels, we're giving everyone on the platform a chance to trade more, better, and faster by purchasing additional cash. Compete with tycoons and become one yourself by checking out the "Add Cash" functionality on the top right corner!
- Requests for new stocks:
Due to the overwhelming volume of requests for new stocks, we will now select the two most requested stocks on the platform every week for launch on the following Monday. Request new stocks and recruit others to push your request into the top 2!
- Stock list:
We've carefully scrubbed our existing selection of stocks to bring you the optimal choice of people, places, and things you can invest in. May the best among them win!
- New traders:
We've made many other changes to the site, and we'd love to know what you think. Hope you all enjoy it, and wishing you all a spectacular 2013,
Teymour and Matt
StockRay, Inc.
Follow us on Twitter: https://twitter.com/StockRay_Inc
Like us on Facebook: http://www.facebook.com/StockRay
- Stock prices:
We've completely redesigned the way prices are determined. The basic idea is still the same: prices go up when people buy and go down when people sell, but we developed new calculations from scratch for a much sturdier, more dynamic platform where nothing matters but your ability to pick stocks.
- More cash:
We're thrilled and amazed by the enormous fortunes some StockRay portfolios have built over the past few months -- going from the initial ten thousand StockRay dollars to sums over a million! While there's still no shortcut to boosting your performance, topping ranking charts, or achieving higher levels, we're giving everyone on the platform a chance to trade more, better, and faster by purchasing additional cash. Compete with tycoons and become one yourself by checking out the "Add Cash" functionality on the top right corner!
- Requests for new stocks:
Due to the overwhelming volume of requests for new stocks, we will now select the two most requested stocks on the platform every week for launch on the following Monday. Request new stocks and recruit others to push your request into the top 2!
- Stock list:
We've carefully scrubbed our existing selection of stocks to bring you the optimal choice of people, places, and things you can invest in. May the best among them win!
- New traders:
We'd like to express our heartfelt appreciation to all of you who participated in the StockRay beta over the past year, trading day after day, riding prices high and low, growing and transforming the platform. From now on, we're opening the floodgates wide to large numbers of new traders.
If you joined StockRay before today: you're special, and therefore you're given privileged status. New users will now start with 2,000 StockRay dollars (as opposed to the 10,000 you were given), but you get to keep all the virtual cash you had!
New traders: everything we've done, we've done for you, and we love you already.
If you joined StockRay before today: you're special, and therefore you're given privileged status. New users will now start with 2,000 StockRay dollars (as opposed to the 10,000 you were given), but you get to keep all the virtual cash you had!
New traders: everything we've done, we've done for you, and we love you already.
We've made many other changes to the site, and we'd love to know what you think. Hope you all enjoy it, and wishing you all a spectacular 2013,
Teymour and Matt
StockRay, Inc.
Follow us on Twitter: https://twitter.com/StockRay_Inc
Like us on Facebook: http://www.facebook.com/StockRay
Monday, March 26, 2012
Update: crossed 55,000 stock transaction mark! + New changes
This weekend StockRay members executed their 55,000th trade since the site launched to friends and family in January! Thanks everyone for your incredible activity, feedback and support over the past couple of months, making our initial beta grow faster than we’d ever planned.
Matt and I have been busy making a lot of subtle changes here behind the scenes:
1) We continuously make tweaks to our pricing algorithm to ensure the dynamic scaling of price fluctuations as the user base continues to grow.
2) Thanks to user feedback, we’ve instituted “Best of StockRay” rankings, showcasing the top users across the entire platform by weekly performance
3) We’ve changed the conditions for levels/status symbols to incorporate profit, not just trade activity – so keep on buying low and selling high to make a profit if you want to make it all the way to the Manhattan penthouse!
We’re now shifting gears away from quick fixes and firefighting to building several big new features over the next few weeks, so please stay tuned. Also, please don’t hesitate to email us (hello [at] stockray [dot] com): every email we receive from a user feels like the gift of a fine Merlot to our virtual wine cellar – and many of the changes we make come directly from user feedback.
Thanks again for your tens of thousands of transactions (!!!), and here’s to making that billions.
Matt and I have been busy making a lot of subtle changes here behind the scenes:
1) We continuously make tweaks to our pricing algorithm to ensure the dynamic scaling of price fluctuations as the user base continues to grow.
2) Thanks to user feedback, we’ve instituted “Best of StockRay” rankings, showcasing the top users across the entire platform by weekly performance
3) We’ve changed the conditions for levels/status symbols to incorporate profit, not just trade activity – so keep on buying low and selling high to make a profit if you want to make it all the way to the Manhattan penthouse!
We’re now shifting gears away from quick fixes and firefighting to building several big new features over the next few weeks, so please stay tuned. Also, please don’t hesitate to email us (hello [at] stockray [dot] com): every email we receive from a user feels like the gift of a fine Merlot to our virtual wine cellar – and many of the changes we make come directly from user feedback.
Thanks again for your tens of thousands of transactions (!!!), and here’s to making that billions.
Thursday, January 26, 2012
Wednesday, January 18, 2012
Status Symbols are now free!
Starting today, status symbols are free: you earn a status symbol every time you reach a new level!
Buy and sell on StockRay and earn a classic car, a speed boat, a helicopter, and many more luxury assets on your way to a Manhattan penthouse.
If you've already reached a high level in the past few days, we automatically give you all the status symbols you should have earned on your way up. And if you've already bought a status symbol, we've return the cash you paid for it. (And you still get to keep the item!)
Enjoy your status symbols as you grow your virtual wealth in StockRay, the stock market for the things you care about.
Buy and sell on StockRay and earn a classic car, a speed boat, a helicopter, and many more luxury assets on your way to a Manhattan penthouse.
If you've already reached a high level in the past few days, we automatically give you all the status symbols you should have earned on your way up. And if you've already bought a status symbol, we've return the cash you paid for it. (And you still get to keep the item!)
Enjoy your status symbols as you grow your virtual wealth in StockRay, the stock market for the things you care about.
Tuesday, January 17, 2012
New feature on StockRay: recommend a stock!
You can now recommend a stock to your Facebook friends on StockRay! Just click on the "Recommend this Stock" button on a stock page, and send your recommendation to any of your Facebook friends.
Monday, January 9, 2012
StockRay launches today!
StockRay launches today! You can check it out at www.stockray.com.
StockRay is a virtual stock market for the things you care about: politicians, products, celebrities, places, TV shows, and more.
On StockRay, you can:
- Buy what you believe in, and short what you think will go down
- Compete against your friends or random users
- Join your favorite stock's board of directors by being one of the top shareholders
- Spend your virtual cash on status symbols like luxury cars, real estate, buy a restaurant, own a boat...
- Request to add your own new stocks to the platform
All the currency on the platform is virtual. StockRay is entirely free.
The site is brought to you by Teymour and Matt, two college friends who graduated from Harvard a few years ago and have been doing finance/computer science/startup stuff ever since. StockRay is based in New York, NY.
As the world around us tumbles in and out of financial crisis, political upheaval, and all other manner of turmoil, the one enduring measure of how our civilization is doing remains the stock market. But stock markets as we know them can only accommodate large, mature companies with the resources required to go public. Meanwhile, only those who are wealthy, adventurous, or sophisticated enough to navigate them become investors.
That is why we’ve been working hard over the past year to design and build a stock market where everything in the world is represented, and everyone in the world can participate.
You can see the site at www.stockray.com, like us on www.facebook.com/stockray, and invite anyone you want.
Welcome to StockRay!
StockRay is a virtual stock market for the things you care about: politicians, products, celebrities, places, TV shows, and more.
On StockRay, you can:
- Buy what you believe in, and short what you think will go down
- Compete against your friends or random users
- Join your favorite stock's board of directors by being one of the top shareholders
- Spend your virtual cash on status symbols like luxury cars, real estate, buy a restaurant, own a boat...
- Request to add your own new stocks to the platform
All the currency on the platform is virtual. StockRay is entirely free.
The site is brought to you by Teymour and Matt, two college friends who graduated from Harvard a few years ago and have been doing finance/computer science/startup stuff ever since. StockRay is based in New York, NY.
As the world around us tumbles in and out of financial crisis, political upheaval, and all other manner of turmoil, the one enduring measure of how our civilization is doing remains the stock market. But stock markets as we know them can only accommodate large, mature companies with the resources required to go public. Meanwhile, only those who are wealthy, adventurous, or sophisticated enough to navigate them become investors.
That is why we’ve been working hard over the past year to design and build a stock market where everything in the world is represented, and everyone in the world can participate.
You can see the site at www.stockray.com, like us on www.facebook.com/stockray, and invite anyone you want.
Welcome to StockRay!
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