Investopedia

Last updated

Investopedia
Investopedia Logo.svg
Type of site
 Online encyclopedia
Available inEnglish
Headquarters225 Liberty Street
New York, NY 10007
U.S.
Owner IAC / Dotdash Meredith
Founder(s) Cory Wagner and Cory Janssen
Editor Caleb Silver
General managerDylan Zurawell
URL www.investopedia.com OOjs UI icon edit-ltr-progressive.svg
LaunchedJune 6, 1999 (1999-06-06)

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] [2]

Contents

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. [3] Wagner focused on business development and research and development, while Janssen focused on marketing and sales. [4]

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. [5] [6]

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. [7] [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] Investopedia operates under the discretion of CEO Neil Vogel. [11]

In March 2015, David Siegel, an alum of Seeking Alpha, was hired as CEO of Investopedia. [12] Caleb Silver was hired from CNN to oversee content operations for the platform in January 2016. [13] Investopedia's list of the most "influential" financial advisers in the United States was launched in June 2017. [14]

In July 2018, Investopedia joined the Dotdash family of brands and laid off 1/3 of its staff, or 36 people. [15] The site underwent a rebranding and relaunch later in the year. [16] In early 2019, the site announced the winners of its inaugural online broker and robo-advisor awards. [17] [18]

2020s

In 2020, editor-in-chief Silver described Investopedia's goal as "providing context around the news," rather than breaking new stories. [1] 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]

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References

  1. 1 2 Roush, Chris (March 4, 2020). "Investopedia editor Silver: My goal is to answer questions". Talking Biz News. Archived from the original on January 27, 2021. Retrieved September 30, 2020.
  2. ↑ "Our Brands". Dotdash. Archived from the original on October 2, 2020. Retrieved September 30, 2020.
  3. ↑ "David Staples: Edmonton biz whiz sets out to make big bucks in artificial intelligence". edmontonjournal. Archived from the original on May 8, 2021. Retrieved May 21, 2022.
  4. ↑ Roush, Chris (April 12, 2007). "Forbes purchases Investopedia". Talking Biz News. Archived from the original on May 10, 2021. Retrieved May 7, 2021.
  5. ↑ "Forbes Media Acquires Investopedia.com". Advertising Age . April 12, 2007. Archived from the original on May 7, 2021. Retrieved May 7, 2021.
  6. ↑ Nicole, Kristen (April 12, 2007). "Investopedia Acquired by Forbes". Mashable . Archived from the original on December 16, 2017. Retrieved May 7, 2021.
  7. 1 2 Wauters, Robin (August 4, 2010). "Forbes Sells Investopedia To ValueClick In $42 Million Deal". TechCrunch . Archived from the original on May 18, 2017. Retrieved March 30, 2017.
  8. ↑ Savitz, Eric (August 4, 2010). "ValueClick Buys Investopedia From Forbes For $42 Million" . Barron's . Archived from the original on May 7, 2021. Retrieved May 7, 2021.
  9. ↑ Barinka, Alex (December 10, 2013). "IAC Gets a Bargain in Buying ValueClick Websites" . Bloomberg News . Archived from the original on February 15, 2020. Retrieved March 7, 2017.
  10. ↑ "Investopedia Academy Launches to Empower Consumers with Financial Skills". PR Newswire. September 19, 2017. Archived from the original on February 16, 2018. Retrieved June 19, 2024.
  11. ↑ Kovachik, Kelsey (June 21, 2023). "How I do it: Neil Vogel, Dotdash Meredith". JEGI CLARITY. Retrieved August 30, 2024.
  12. ↑ Ha, Anthony (March 10, 2015). "IAC Hires David Siegel As CEO Of Finance Website Investopedia". TechCrunch . Archived from the original on February 26, 2019. Retrieved August 9, 2016.
  13. ↑ Roush, Chris (January 26, 2016). "Investopedia hires CNN's Silver". Talking Biz News. Archived from the original on November 18, 2019. Retrieved September 30, 2020.
  14. ↑ "Investopedia Releases List of Most Influential US Financial Advisors". Business Insider . June 7, 2018. Archived from the original on October 24, 2021. Retrieved September 30, 2020.
  15. ↑ Rapier, Graham (August 10, 2018). "IAC is laying off a third of Investopedia staff". Business Insider . Archived from the original on November 9, 2020. Retrieved February 8, 2021.
  16. ↑ "IAC Shareholder Letter" (PDF). August 8, 2018. Archived from the original on February 14, 2020. Retrieved May 7, 2021.
  17. ↑ Roush, Chris (February 27, 2019). "Investopedia moves Carey to oversee online investing coverage". Talking Biz News. Archived from the original on January 26, 2021. Retrieved September 30, 2020.
  18. ↑ Silver, Caleb (September 19, 2019). "Investopedia's Best Robo-Advisor Awards". Investopedia. Archived from the original on October 11, 2020. Retrieved September 30, 2020.
  19. ↑ "The Investopedia Express with Caleb Silver on Apple Podcasts". Apple Podcasts. Archived from the original on October 8, 2020. Retrieved September 30, 2020.
  20. ↑ "Caleb Silver – Investopedia | Wealth Management EDGE Speaker". Informa Connect. Archived from the original on December 6, 2023. Retrieved June 19, 2024.

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