StockPickr explained

StockPickr
Author:James Altucher
Launch Date: (beta)
(final)
Current Status:Redirected to TheStreet.com

StockPickr was a social networking service and virtual community for sharing stock picks, financial analysis, research, news, and commentary.[1] [2] The website was founded by James Altucher in 2006 and acquired by TheStreet.com in 2007 for $10 million.[3] [4] [5]

It included an Internet forum, a blog, and he makeup of 90,000 stock portfolios, including 800 of professional investors including Warren Buffett, George Soros, and Mark Cuban.[6] [7] [1] [8]

Users were able to rate portfolios, see recommended similar portfolios and get advice of stocks within similar portfolios to help assemble their own.[7] [9]

The website launched in beta version in September 2006 and in final in November 2006. By January 2007, the website had over 10,000 portfolios posted, and over 2,500 registered users.[7]

By August 2007, the website had over 100,000 users, 10 million monthly page views, and was named one of the 50 Best Websites of 2007 by Time.[10] [2] [11]

In April 2007,TheStreet.com acquired the website for $10 million.[1] [12]

Notes and References

  1. News: Before Stockpickr.com, a Hedge Fund Deal Not Done . . November 20, 2007 . subscription.
  2. News: Murray Buechner . Maryanne . 50 Best Websites 2007: Stockpickr. . July 8, 2007.
  3. News: Stockpickr Acquired By TheStreet.com . Michael . Arrington . . April 25, 2007.
  4. News: TheStreet Picks Up Stock-Picking Social Network . . April 27, 2007 . subscription.
  5. News: TheStreet.com to Buy Rest of Stockpickr.com . . April 27, 2007.
  6. News: VENEZIANI . Vince . Stockpickr in deal with The Street: More to Come? . . January 3, 2007.
  7. News: Barnako. Frank . Stockpickr.com: trading meets social networking. . January 3, 2007.
  8. Web site: Dubner. Stephen. Friends With Cool Websites. Freakonomics Blog . November 27, 2006.
  9. Web site: Warner . Andrew . Stockpickr: The Controversial Deal That Built A $10 Mil Company – with James Altucher . Mixergy.
  10. News: Nicole. Kristen. Stockpickr Hits 100K Users. . August 9, 2007.
  11. Stockpickr.com Named as One of 50 Best Websites 2007 in Time.com Roundup . . July 12, 2007.
  12. News: Marshall . Matt . Roundup: Scribd hype, Stockpickr, Red Herring, Cozmo and lots more. . April 27, 2007.