Investopedia Explained

Investopedia
Location:225 Liberty Street
New York, NY 10007
U.S.
Type:Online encyclopedia
Language:English
Owner:IAC / Dotdash Meredith
Founder:Cory Wagner and Cory Janssen
Editor:Caleb Silver
Gm:Dylan Zurawell

Investopedia is a global financial media website headquartered in New York City. Founded in 1999, Investopedia provides investment dictionaries, advice, reviews, ratings, and comparisons of financial products, such as securities accounts. It is part of the Dotdash Meredith family of brands owned by IAC.[1]

History

Founding and early history

Investopedia was founded in 1999 by Cory Wagner and Cory Janssen in Edmonton, Alberta, Canada. At the time, Janssen was a business student at the University of Alberta.[2] Wagner focused on business development and research and development, while Janssen focused on marketing and sales.[3]

2000s

In April 2007, Forbes Media acquired Investopedia.com for an undisclosed amount. At the time of the acquisition, Investopedia drew about 2.5 million monthly users and provided a financial dictionary with about 5,000 terms regarding personal finance, banking and accounting. It also provided articles by financial advisers and a stock market simulator.[4] [5]

2010s

In August 2010, Forbes sold Investopedia to ValueClick for US$42 million. By then, the site had grown to more than 30,000 pieces of content and reached 2.2 million unique visitors per month.[6] [7] [8] In 2013, ValueClick would then sell Investopedia and a group of other properties to IAC for $80 million.[9] Following the acquisition by IAC, Investopedia launched several initiatives, including Investopedia Academy to sell educational technology.[10]

In March 2015, David Siegel, an alum of Seeking Alpha, was hired as CEO of Investopedia.[11] Caleb Silver was hired from CNN to oversee content operations for the platform in January 2016.[12] Investopedia's list of the most "influential" financial advisers in the United States was launched in June 2017.[13]

In July 2018, Investopedia joined the Dotdash family of brands and laid off 1/3 of its staff, or 36 people.[14] The site underwent a rebranding and relaunch later in the year.[15] In early 2019, the site announced the winners of its inaugural online broker and robo-advisor awards.[16] [17]

2020s

In 2020, editor-in-chief Silver described Investopedia's goal as "providing context around the news," rather than breaking new stories.[18] The site launched its first podcast, The Investopedia Express, hosted by Silver, in September 2020.[19]

Silver also frequently appears as a guest financial expert on a variety of broadcast and radio programs, including MSNBC, ABC News and NBC.[20]

Notes and References

  1. Web site: Our Brands . . 2020-09-30 . 2020-10-02 . https://web.archive.org/web/20201002032934/https://www.dotdash.com/our-brands/ . live .
  2. Web site: David Staples: Edmonton biz whiz sets out to make big bucks in artificial intelligence . 2022-05-21 . edmontonjournal . en-CA . 2021-05-08 . https://web.archive.org/web/20210508045029/https://edmontonjournal.com/business/local-business/david-staples-edmonton-biz-whiz-sets-out-to-make-big-bucks-in-artificial-intelligence/ . live .
  3. News: Forbes purchases Investopedia . Roush . Chris . Chris Roush . Talking Biz News . April 12, 2007 . May 7, 2021 . May 10, 2021 . https://web.archive.org/web/20210510142903/https://talkingbiznews.com/they-talk-biz-news/forbes-purchases-investopedia/ . live .
  4. News: Forbes Media Acquires Investopedia.com . . April 12, 2007 . May 7, 2021 . May 7, 2021 . https://web.archive.org/web/20210507201754/https://adage.com/article/btob/forbes-media-acquires-investopedia/266804 . live .
  5. News: Investopedia Acquired by Forbes . Nicole . Kristen . . April 12, 2007 . May 7, 2021 . December 16, 2017 . https://web.archive.org/web/20171216151459/http://mashable.com/2007/04/12/investopedia/ . live .
  6. News: Forbes Sells Investopedia To ValueClick In $42 Million Deal . Wauters . Robin . . August 4, 2010 . March 30, 2017 . May 18, 2017 . https://web.archive.org/web/20170518144152/https://techcrunch.com/2010/08/04/forbes-sells-investopedia-to-valueclick-in-42-million-deal/ . live .
  7. News: Forbes Sells Investopedia To ValueClick In $42 Million Deal . . August 4, 2010 . March 30, 2017 . May 18, 2017 . https://web.archive.org/web/20170518144152/https://techcrunch.com/2010/08/04/forbes-sells-investopedia-to-valueclick-in-42-million-deal/ . live .
  8. News: ValueClick Buys Investopedia From Forbes For $42 Million . Eric . Savitz . . August 4, 2010 . subscription . May 7, 2021 . May 7, 2021 . https://web.archive.org/web/20210507201744/https://www.barrons.com/articles/BL-TB-26080 . live .
  9. News: IAC Gets a Bargain in Buying ValueClick Websites . Barinka . Alex . . December 10, 2013 . subscription . 2017-03-07 . 2020-02-15 . https://web.archive.org/web/20200215135413/https://www.bloomberg.com/news/articles/2013-12-10/iac-gets-a-bargain-in-buying-valueclick-websites . live .
  10. News: 2017-09-19 . Investopedia Academy Launches to Empower Consumers with Financial Skills . live . https://web.archive.org/web/20180216030307/https://www.prnewswire.com/news-releases/investopedia-academy-launches-to-empower-consumers-with-financial-skills-300521981.html . 2018-02-16 . 2024-06-19 . PR Newswire.
  11. News: IAC Hires David Siegel As CEO Of Finance Website Investopedia . Anthony . Ha . . March 10, 2015 . August 9, 2016 . February 26, 2019 . https://web.archive.org/web/20190226152750/https://techcrunch.com/2015/03/10/david-siegel-joins-investopedia/ . live .
  12. News: Investopedia hires CNN's Silver . Roush . Chris . Chris Roush . Talking Biz News . January 26, 2016 . September 30, 2020 . November 18, 2019 . https://web.archive.org/web/20191118005844/https://talkingbiznews.com/they-talk-biz-news/investopedia-hires-cnns-silver/ . live .
  13. News: Investopedia Releases List of Most Influential US Financial Advisors . . June 7, 2018 . September 30, 2020 . October 24, 2021 . https://web.archive.org/web/20211024230430/https://markets.businessinsider.com/news/stocks/investopedia-releases-list-of-most-influential-us-financial-advisors-1026780902 . live .
  14. News: IAC is laying off a third of Investopedia staff . Graham . Rapier . . August 10, 2018 . 2021-02-08 . 2020-11-09 . https://web.archive.org/web/20201109005308/https://markets.businessinsider.com/news/stocks/iac-stock-price-laying-off-a-third-of-investopedia-staff-2018-8-1027449957 . live .
  15. Web site: IAC Shareholder Letter . August 8, 2018 . . May 7, 2021 . February 14, 2020 . https://web.archive.org/web/20200214102520/https://ir.iac.com/static-files/38bef932-4ccb-4b2e-9b87-dae8bc844b19 . live .
  16. News: Investopedia moves Carey to oversee online investing coverage . Roush . Chris . Chris Roush . Talking Biz News . February 27, 2019 . September 30, 2020 . January 26, 2021 . https://web.archive.org/web/20210126051807/https://talkingbiznews.com/they-talk-biz-news/investopedia-hires-carey-to-oversee-online-investing-coverage/ . live .
  17. Web site: Silver . Caleb . Investopedia's Best Robo-Advisor Awards . Investopedia . September 19, 2019 . September 30, 2020 . October 11, 2020 . https://web.archive.org/web/20201011080254/https://www.investopedia.com/robo-advisor-awards-4770607 . live .
  18. News: Investopedia editor Silver: My goal is to answer questions . Roush . Chris . Chris Roush . Talking Biz News . March 4, 2020 . September 30, 2020 . January 27, 2021 . https://web.archive.org/web/20210127061309/https://talkingbiznews.com/they-talk-biz-news/investopedia-editor-silver-my-goal-is-to-answer-questions/ . live .
  19. Web site: The Investopedia Express with Caleb Silver on Apple Podcasts . . 2020-09-30 . 2020-10-08 . https://web.archive.org/web/20201008072310/https://podcasts.apple.com/us/podcast/the-investopedia-express-with-caleb-silver/id1529322197 . live .
  20. Web site: Caleb Silver - Investopedia Wealth Management EDGE Speaker . live . https://web.archive.org/web/20231206040459/https://informaconnect.com/edge/speakers/caleb-silver/ . 2023-12-06 . 2024-06-19 . Informa Connect.

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