AOL guns for Yahoo Finance
AOL’s Money and Finance group this week announced an overhaul of its popular destination site for individual investors. At stake: A battle for the hearts, minds and wallets of tens of millions of individual investors who use the Web each day to track their stock investments.
This is above all an attack on Yahoo Finance, and comes as that popular site’s traffic begins to flag.
In a conversation yesterday with VentureBeat’s Mark Coker, Marty Moe, senior VP… Continue Reading
Benchmark invests in Seeking Alpha; deal struck with Yahoo
Silicon Valley venture firm Benchmark Capital has invested in a finance blog company called Seeking Alpha, a surprising move in our view, given that blogs are difficult to monetize.
Venture firms want to invest in companies going for billion-dollar markets, and Seeking Alpha is a two-year old boot-strapped company that is losing money, the company’s chief executive David Jackson confirmed with us earlier today. Blogs have become mainstream, too, so what do you think Benchmark sees… Continue Reading