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Yahoo Finance builds out investor insights with Commonstock acquisition

Yahoo is acquiring San Francisco-based start-up Commonstock to enhance Yahoo Finance with investor insight capabilities.

Facts

  • Commonstock, founded in August 2020, is a social network that connects with brokerages, enabling retail investors to share information about their accounts, portfolios, trades, and strategies.
  • Commonstock is backed by investors including Coatue, QED, Floodgate, Upside Ventures, Resolute Ventures, and Abstract Ventures.
  • Yahoo Finance, serving over 150 million monthly users, aims to become a comprehensive destination for financial services with this acquisition.
  • Yahoo and Commonstock plan to empower investors by providing a one-stop shop for financial decisions.
  • The acquisition integrates the Commonstock team into Yahoo Finance, creating a larger community for quality financial insights and knowledge sharing.

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