Wall Street Survivor

Last updated
Wall Street Survivor
Wall Street Survivor website logo.png
Wall Street Survivor screenshot.png
Lesson screenshot
URL www.wallstreetsurvivor.com
Current statusActive

Wall Street Survivor is an educational website that teaches the basics of finances. Launched in 2005, it uses gamification to teach concepts of the stock market, investing, and general financial planning. [1] [2] The website also provides articles, videos, courses, and other content.

Contents

History

Rajat Paharia originally created Wall Street Survivor as a stock investing game that allowed users to practice their knowledge by investing in stocks using fake money. [3] [2] The current version was launched as an add-on to the site in 2012 and presented at the Finovate conference in San Francisco, California the same year. [1] [4] The website was gamified using software on the Bunchball Nitro platform. [2]

Overview

Wall Street Survivor has been referred to as Codecademy for learning about money. [5] The site uses videos, article, and other resources to teach people about personal finance, debt, and investing. [5] [6] Lessons are taught using gamification with users completing missions to get to the next step. [1] Users earn badges and rewards and can also play in fantasy leagues to challenge their friends. [1] The site teaches without using complicated financial jargon. [7]

Wall Street Survivor offers its education through partner websites, mobile applications, and educational institutions including Yale University, Seeking Alpha, The Motley Fool, and Daily Finance. [8] [9] [10] The site generates revenue from advertising and referrals. [1]

Reception

The website has been seen in publications including Business Insider , TechCrunch , The Globe and Mail , and Forbes . [2] [11] [12] [13]

Related Research Articles

eToro is an Israeli social trading and multi-asset investment company that focuses on providing financial and copy trading services. Its headquarters are located in Central Israel, and the company has registered offices in Cyprus, the United Kingdom, the United States, and Australia.

<span class="mw-page-title-main">Henry Blodget</span> American businessman, investor and journalist

Henry McKelvey Blodget is an American businessman, investor and journalist. He is notable for his former career as an equity research analyst who was senior Internet analyst for CIBC Oppenheimer and the head of the global Internet research team at Merrill Lynch during the dot-com era. Due to his violations of securities laws and subsequent civil trial conviction, Blodget is permanently banned from involvement in the securities industry. Blodget is the CEO of Business Insider.

The Motley Fool is a private financial and investing advice company based in Alexandria, Virginia. It was founded in July 1993 by co-chairmen and brothers David Gardner and Tom Gardner, and Erik Rydholm, who has since left the company. The company employs over 300 people worldwide.

<span class="mw-page-title-main">Howard Lindzon</span> Author and financial analyst

Howard Lindzon is a Canadian Author, financial analyst, technical analyst and super angel investor. Lindzon manages a hedge fund, serves as managing partner of the holding company Social Leverage, limited partner at Knight's Bridge Capital Partners, and is the co-founder of StockTwits. Lindzon was named one of The Best Tweets for Your Money in 2013 by Barron's.

<span class="mw-page-title-main">History of Facebook</span>

Facebook is a social networking service originally launched as FaceMash on October 28, 2003, before changing its name to TheFacebook on February 4, 2004. It was founded by Mark Zuckerberg and college roommates and fellow Harvard University students, in particular Eduardo Saverin, Andrew McCollum, Dustin Moskovitz, and Chris Hughes. The website's membership was initially limited by the founders to Harvard students, but was expanded to other colleges in the Boston area, the Ivy League, and gradually most universities in the United States and Canada, corporations, and by September 2006, to everyone with a valid email address along with an age requirement of being 13 and older.

Gamification is the strategic attempt to enhance systems, services, organizations, and activities by creating similar experiences to those experienced when playing games in order to motivate and engage users. This is generally accomplished through the application of game-design elements and game principles in non-game contexts.

<span class="mw-page-title-main">Duolingo</span> American language-learning website and mobile app

Duolingo is an American educational technology company which produces learning apps and provides language certification.

Bunchball provides a cloud-based software as a service gamification product intended to help companies improve customer loyalty and online engagement using game mechanics. Bunchball was founded by Rajat Paharia in 2005 and has raised $17.5 million in funding.

<span class="mw-page-title-main">AngelList</span> Website connecting startups, angel investors, and job-seekers

AngelList is a U.S. website for startups, angel investors, and job-seekers looking to work at startups. Founded in 2010, it started as an online introduction board for tech startups that needed seed funding. Since 2015, the site allows startups to raise money from angel investors free of charge.

<span class="mw-page-title-main">StockTwits</span> Social media site for investors

StockTwits is a social media platform designed for sharing ideas between investors, traders, and entrepreneurs. The company was co-founded by Howard Lindzon and Soren Macbeth in 2009. The company received the first Shorty Award in the 2008 finance category. Time magazine listed the company as one of its 2010 "50 best websites." The company was also named one of the "top 10 most innovative companies in finance" in 2012 by FastCompany. In June 2013, StockTwits had 230,000 active members. By mid-2019, that figure had increased to 2 million, and the company premiered free online trading via an iOS app. In 2022, the Stocktwits platform added crypto and equities trading to the platform.

<span class="mw-page-title-main">Wall Street Magnate</span>

Wall Street Magnate is a fantasy stock-trading platform and community website. By March 2015, the platform had exceeded 60,000 monthly users. Participants are given $100,000 in simulated currency to build their fantasy stock portfolio. Stocks are traded on the platform based on data from the New York Stock Exchange, NASDAQ and AMEX. According to IDC, "Wall Street Magnate has woven together social elements, real-time feeds, leaderboards, and data-rich progress reports into a compelling game-like experience." Of particular note are social features derived from fantasy sports leagues that allow users to form clubs, track member progress, and compete against other clubs. Wall Street Magnate also allows its users to create competitions, compare portfolios, track investments, and communicate via instant messaging. It accounts for both dividends and stock splits in real-time, and constantly streams current financial news from a variety of media outlets. Additionally, the platform allows its members to test out thousands of new exchange-traded products including exchange-traded funds (ETFs) and debt securities such as exchange-traded notes (ETNs).

SoFi Technologies, Inc. is an American online personal finance company and online bank. Based in San Francisco, SoFi provides financial products including student and auto loan refinancing, mortgages, personal loans, credit card, investing, and banking through both mobile app and desktop interfaces.

Blockchain.com is a cryptocurrency financial services company. The company began as the first Bitcoin blockchain explorer in 2011 and later created a cryptocurrency wallet that accounted for 28% of bitcoin transactions between 2012 and 2020. It also operates a cryptocurrency exchange and provides institutional markets lending business and data, charts, and analytics.

Shasta Ventures is an early-stage venture capital investment firm located in Silicon Valley that invests in enterprise and technology consumer startups. It is located on Sand Hill Road in Menlo Park.

Robinhood Markets, Inc. is an American financial services company headquartered in Menlo Park, California, that facilitates commission-free trades of stocks, exchange-traded funds and cryptocurrencies as well as individual retirement accounts via a mobile app introduced in March 2015. Robinhood is a FINRA-regulated broker-dealer, registered with the U.S. Securities and Exchange Commission, and is a member of the Securities Investor Protection Corporation. The company's revenue comes from three main sources: interest earned on customers' cash balances, selling order information to high-frequency traders and margin lending. As of March 2022, Robinhood had 22.8 million funded accounts and 15.9 million monthly active users. In April 2022, Robinhood rolled out a cryptocurrency wallet to more than 2 million users.

<span class="mw-page-title-main">HackerRank</span> Competitive programming company

HackerRank is a technology company that focuses on competitive programming challenges for both consumers and businesses. Developers compete by writing programs according to provided specifications. HackerRank's programming challenges can be solved in a variety of programming languages and span multiple computer science domains.

Snap Inc. is an American camera and social media company, founded on September 16, 2011, by Evan Spiegel, Bobby Murphy, and Reggie Brown based in Santa Monica, California. The company developed and maintains technological products and services, namely Snapchat, Spectacles, and Bitmoji. The company was named Snapchat Inc. at its inception, but it was rebranded Snap Inc. on September 24, 2016, in order to include the Spectacles product under the company name.

Stash Financial, Inc., or simply Stash, is an American financial technology and financial services company based in New York, NY. The company operates both a web platform and mobile apps, allowing users to incrementally invest small amounts. It also provides robo advice. By summer 2017, it had approximately 1 million users. As of July 2020, the number has grown to over 5 million.

Webull Corporation is a holding company incorporated in the Cayman Islands and headquartered in New York. Its subsidiaries operate an electronic trading platform, accessible via mobile app and desktop computer, offering commission-free and low-cost trading of stocks, exchange traded funds, options, margins, and cryptocurrencies. Its U.S.-based subsidiary, Webull Financial LLC, is a security broker registered with the U.S. Securities and Exchange Commission and a member of FINRA and SIPC, offering trading services to customers in the U.S. It also has licensed subsidiaries offering trading services in Hong Kong and Singapore. Webull Corporation has received backing from private equity investors in the U.S., Europe and China.

<span class="mw-page-title-main">GoHenry</span> Financial technology company

GoHenry is a US and UK-based financial technology company, that provides a Visa debit card and financial education app for children aged 6 to 18.

References

  1. 1 2 3 4 5 Magder, Jason (11 May 2012). "Montreal's Wall Street Survivor teaches about investing". Montreal Gazette. Retrieved 20 May 2016.
  2. 1 2 3 4 Ha, Anthony (22 May 2012). "Wall Street Survivor Gamifies Financial Education With Help From Bunchball". TechCrunch. Retrieved 20 May 2016.
  3. Kessler, Sarah (22 October 2010). "5 Great Games for Learning Stock Market Strategy". Mashable. Retrieved 20 May 2016.
  4. Coleman, Hank (2016-06-03). "How to Learn to Invest with Wall Street Survivor and Not Let Investing Intimidate You!". Money Q&A. Retrieved 2023-01-27.
  5. 1 2 Pinola, Melanie (19 February 2014). "Wall Street Survivor Teaches Everything You Need to Know About Money". Lifehacker. Retrieved 20 May 2016.
  6. "Learn The Basics Of Finance And Investing With This 18-Course Deal". Business Insider. 21 January 2015. Retrieved 20 May 2016.
  7. Lauletta, Tyler (10 November 2015). "These online courses will teach you everything you need to know about finance and investing". Business Insider. Retrieved 20 May 2016.
  8. "Wall Street Survivor". Seeking Alpha. Retrieved 20 May 2016.
  9. "Fool Labs: Wall Street Survivor". The Motley Fool. Retrieved 20 May 2016.
  10. "About Wall Street Survivor". AOL.com. Retrieved 20 May 2016.
  11. Petainen, Kai (24 August 2011). "Back to School Stock Tips for Students (and Analysts)". Forbes. Retrieved 20 May 2016.
  12. Carrick, Rob (1 May 2009). "Where losses and gains are fun and games". The Globe and Mail. Retrieved 20 May 2016.
  13. Ha, Anthony (2012-05-23). "Wall Street Survivor Gamifies Financial Education With Help From Bunchball". TechCrunch. Retrieved 2023-02-10.