Investopedia
{{short description|Website focused on finance and investing}}
{{Use mdy dates|date=November 2024}}
{{Infobox website
| name = Investopedia
| logo = Investopedia Logo.svg
| logo_size = 250px
| 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
| url = {{Official URL}}
| launch_date = {{Start date|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.{{Cite web |title=Our Brands |url=https://www.dotdash.com/our-brands/ |publisher=Dotdash | access-date=September 30, 2020 |archive-date=October 2, 2020 |archive-url=https://web.archive.org/web/20201002032934/https://www.dotdash.com/our-brands/ |url-status=live}}
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.{{Cite web |title=David Staples: Edmonton biz whiz sets out to make big bucks in artificial intelligence |url=https://edmontonjournal.com/business/local-business/david-staples-edmonton-biz-whiz-sets-out-to-make-big-bucks-in-artificial-intelligence |access-date=May 21, 2022 |website=edmontonjournal |language=en-CA |archive-date=May 8, 2021 |archive-url=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/ |url-status=live}} Wagner focused on business development and research and development, while Janssen focused on marketing and sales.{{Cite news |url=https://talkingbiznews.com/they-talk-biz-news/forbes-purchases-investopedia/ |title=Forbes purchases Investopedia |last=Roush |first=Chris |authorlink=Chris Roush |website=Talking Biz News |date=April 12, 2007 |access-date=May 7, 2021 |archive-date=May 10, 2021 |archive-url=https://web.archive.org/web/20210510142903/https://talkingbiznews.com/they-talk-biz-news/forbes-purchases-investopedia/ |url-status=live}}
= 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.{{cite news |url=https://adage.com/article/btob/forbes-media-acquires-investopedia/266804 |title=Forbes Media Acquires Investopedia.com |work=Advertising Age | date=April 12, 2007 |access-date=May 7, 2021 |archive-date=May 7, 2021 |archive-url=https://web.archive.org/web/20210507201754/https://adage.com/article/btob/forbes-media-acquires-investopedia/266804 |url-status=live}}{{cite news |url=https://mashable.com/2007/04/12/investopedia/ |title=Investopedia Acquired by Forbes |last=Nicole |first=Kristen |work=Mashable | date=April 12, 2007 |access-date=May 7, 2021 |archive-date=December 16, 2017 |archive-url=https://web.archive.org/web/20171216151459/http://mashable.com/2007/04/12/investopedia/ |url-status=live}}
= 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.{{cite news |url=https://techcrunch.com/2010/08/04/forbes-sells-investopedia-to-valueclick-in-42-million-deal/ |title=Forbes Sells Investopedia To ValueClick In $42 Million Deal |last=Wauters |first=Robin |work=TechCrunch | date=August 4, 2010 |access-date=March 30, 2017 |archive-date=May 18, 2017 |archive-url=https://web.archive.org/web/20170518144152/https://techcrunch.com/2010/08/04/forbes-sells-investopedia-to-valueclick-in-42-million-deal/ |url-status=live}}{{Cite news |url=https://www.barrons.com/articles/BL-TB-26080 |title=ValueClick Buys Investopedia From Forbes For $42 Million |first=Eric |last=Savitz |work=Barron's | date=August 4, 2010 |url-access=subscription |access-date=May 7, 2021 |archive-date=May 7, 2021 |archive-url=https://web.archive.org/web/20210507201744/https://www.barrons.com/articles/BL-TB-26080 |url-status=live}} In 2013, ValueClick would then sell Investopedia and a group of other properties to IAC for $80 million.{{Cite news |url=https://www.bloomberg.com/news/articles/2013-12-10/iac-gets-a-bargain-in-buying-valueclick-websites |title=IAC Gets a Bargain in Buying ValueClick Websites |last=Barinka |first=Alex |work=Bloomberg News | date=December 10, 2013 |url-access=subscription |access-date=March 7, 2017 |archive-date=February 15, 2020 |archive-url=https://web.archive.org/web/20200215135413/https://www.bloomberg.com/news/articles/2013-12-10/iac-gets-a-bargain-in-buying-valueclick-websites |url-status=live}} Following the acquisition by IAC, Investopedia launched several initiatives, including Investopedia Academy to sell educational technology.{{Cite news |date=September 19, 2017 |title=Investopedia Academy Launches to Empower Consumers with Financial Skills |url=https://www.prnewswire.com/news-releases/investopedia-academy-launches-to-empower-consumers-with-financial-skills-300521981.html |url-status=live |archive-url=https://web.archive.org/web/20180216030307/https://www.prnewswire.com/news-releases/investopedia-academy-launches-to-empower-consumers-with-financial-skills-300521981.html |archive-date=February 16, 2018 |access-date=June 19, 2024 |agency=PR Newswire}} Investopedia operates under the discretion of CEO Neil Vogel.{{Cite web |last=Kovachik |first=Kelsey |date=June 21, 2023 |title=How I do it: Neil Vogel, Dotdash Meredith |url=https://www.jegiclarity.com/how-i-do-it-neil-vogel-dotdash-meredith/ |access-date=August 30, 2024 |website=JEGI CLARITY |language=en-US}}
In March 2015, David Siegel, an alum of Seeking Alpha, was hired as CEO of Investopedia.{{Cite news |url=https://techcrunch.com/2015/03/10/david-siegel-joins-investopedia/ |title=IAC Hires David Siegel As CEO Of Finance Website Investopedia |first=Anthony |last=Ha |work=TechCrunch | date=March 10, 2015 |access-date=August 9, 2016 |archive-date=February 26, 2019 |archive-url=https://web.archive.org/web/20190226152750/https://techcrunch.com/2015/03/10/david-siegel-joins-investopedia/ |url-status=live}} Caleb Silver was hired from CNN to oversee content operations for the platform in January 2016.{{Cite news |url=https://talkingbiznews.com/they-talk-biz-news/investopedia-hires-cnns-silver/ |title=Investopedia hires CNN's Silver |last=Roush |first=Chris |authorlink=Chris Roush |website=Talking Biz News |date=January 26, 2016 |access-date=September 30, 2020 |archive-date=November 18, 2019 |archive-url=https://web.archive.org/web/20191118005844/https://talkingbiznews.com/they-talk-biz-news/investopedia-hires-cnns-silver/ |url-status=live}} Investopedia's list of the most "influential" financial advisers in the United States was launched in June 2017.{{Cite news |title=Investopedia Releases List of Most Influential US Financial Advisors |url=https://markets.businessinsider.com/news/stocks/investopedia-releases-list-of-most-influential-us-financial-advisors-1026780902 |work=Business Insider | date=June 7, 2018 |access-date=September 30, 2020 |archive-date=October 24, 2021 |archive-url=https://web.archive.org/web/20211024230430/https://markets.businessinsider.com/news/stocks/investopedia-releases-list-of-most-influential-us-financial-advisors-1026780902 |url-status=live}}
In July 2018, Investopedia joined the Dotdash family of brands and laid off 1/3 of its staff, or 36 people.{{Cite news |title=IAC is laying off a third of Investopedia staff |url=https://markets.businessinsider.com/news/stocks/iac-stock-price-laying-off-a-third-of-investopedia-staff-2018-8-1027449957 |first=Graham |last=Rapier |work=Business Insider | date=August 10, 2018 |access-date=February 8, 2021 |archive-date=November 9, 2020 |archive-url=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 |url-status=live}} The site underwent a rebranding and relaunch later in the year.{{Cite web |url=https://ir.iac.com/static-files/38bef932-4ccb-4b2e-9b87-dae8bc844b19 |title=IAC Shareholder Letter |date=August 8, 2018 |format=PDF | access-date=May 7, 2021 |archive-date=February 14, 2020 |archive-url=https://web.archive.org/web/20200214102520/https://ir.iac.com/static-files/38bef932-4ccb-4b2e-9b87-dae8bc844b19 |url-status=live}} In early 2019, the site announced the winners of its inaugural online broker and robo-advisor awards.{{Cite news |title=Investopedia moves Carey to oversee online investing coverage |url=https://talkingbiznews.com/they-talk-biz-news/investopedia-hires-carey-to-oversee-online-investing-coverage/ |last=Roush |first=Chris |authorlink=Chris Roush |website=Talking Biz News |date=February 27, 2019 |access-date=September 30, 2020 |archive-date=January 26, 2021 |archive-url=https://web.archive.org/web/20210126051807/https://talkingbiznews.com/they-talk-biz-news/investopedia-hires-carey-to-oversee-online-investing-coverage/ |url-status=live}}{{Cite web |last=Silver |first=Caleb |title=Investopedia's Best Robo-Advisor Awards |url=https://www.investopedia.com/robo-advisor-awards-4770607 |website=Investopedia |date=September 19, 2019 |access-date=September 30, 2020 |archive-date=October 11, 2020 |archive-url=https://web.archive.org/web/20201011080254/https://www.investopedia.com/robo-advisor-awards-4770607 |url-status=live}}
= 2020s =
In 2020, editor-in-chief Silver described Investopedia's goal as "providing context around the news," rather than breaking new stories.{{Cite news |title=Investopedia editor Silver: My goal is to answer questions |url=https://talkingbiznews.com/they-talk-biz-news/investopedia-editor-silver-my-goal-is-to-answer-questions/ |last=Roush |first=Chris |authorlink=Chris Roush |website=Talking Biz News |date=March 4, 2020 |access-date=September 30, 2020 |archive-date=January 27, 2021 |archive-url=https://web.archive.org/web/20210127061309/https://talkingbiznews.com/they-talk-biz-news/investopedia-editor-silver-my-goal-is-to-answer-questions/ |url-status=live}} The site launched its first podcast, The Investopedia Express, hosted by Silver, in September 2020.{{Cite web |title=The Investopedia Express with Caleb Silver on Apple Podcasts |url=https://podcasts.apple.com/us/podcast/the-investopedia-express-with-caleb-silver/id1529322197 |publisher=Apple Podcasts | access-date=September 30, 2020 |archive-date=October 8, 2020 |archive-url=https://web.archive.org/web/20201008072310/https://podcasts.apple.com/us/podcast/the-investopedia-express-with-caleb-silver/id1529322197 |url-status=live}}
Silver also frequently appears as a guest financial expert on a variety of broadcast and radio programs, including MSNBC, ABC News and NBC.{{Cite web |title=Caleb Silver – Investopedia {{!}} Wealth Management EDGE Speaker |url=https://informaconnect.com/edge/speakers/caleb-silver/ |url-status=live |archive-url=https://web.archive.org/web/20231206040459/https://informaconnect.com/edge/speakers/caleb-silver/ |archive-date=December 6, 2023 |access-date=June 19, 2024 |website=Informa Connect}}
References
{{reflist}}
External links
{{Commonscatinline}}
- {{Official website}}
{{IAC}}
Category:1999 establishments in Canada
Category:Companies based in New York City
Category:Financial services companies established in 1999
Category:Internet properties established in 1999
Category:Online financial services companies of the United States