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Yahoo Finance builds out investor insights with Commonstock acquisition | Fintech InShorts: Latest fintech news, analysis by experts

Less than 1 min.Read

Yahoo Finance builds out investor insights with Commonstock acquisition

By Laura M

August 24, 2023

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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