A growing number of women are investing their money in companies that are already big on Twitter, according to an analysis of the company’s stock.
In a sign of how Twitter is changing the way business is done, its stock has been trading higher since its debut in 2011.
The stock gained more than 6% in 2016 as more women invested in the platform.
Investors include investors from Silicon Valley, Europe, the Middle East and India.
While the number of Twitter investors has been increasing, the average age of the people who have invested in its stock is 27, according in an analysis by the tech firm Gartner.
Gartner analysts said the median age of Twitter’s investors is 29.
Women who invest at higher rates tend to be older, female and more affluent, they said.
In the past three years, more than 1,200 women have invested more than $100,000 into Twitter, up from the 2,000 who had invested in 2016.
Twitter’s growth is being driven by a combination of factors, including the growing number and reach of users on the platform and the increasing popularity of its “Trending Topics” section, which allows users to post topics in the service.
“There is definitely a growing demand for women to invest in Twitter, particularly given the fact that the platform is evolving so quickly,” said Gartners managing director Maryanne Healy.
According to data compiled by Gartgers, there were nearly 1.1 million women who were invested in Twitter last year.
For women who have made a $500 investment in the company, their average net worth increased by about $4,000 in the past year.
Women who invested at the same level as their male peers saw their net worth increase by $1,000.
An average woman who made $250 invested about $2,000 last year, while an average man invested about the same amount.