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.