Investopedia
Type of site
Online encyclopedia
Available inEnglish
HeadquartersAmerica
OwnerIAC / Dotdash Meredith
Founder(s)Cory Wagner and Cory Janssen
EditorCaleb Silver
URLwww.investopedia.com
LaunchedJune 6, 1999 (1999-06-06)

Investopedia is a 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]

History

Founding and early history

Investopedia was founded in 1999 by Cory Wagner and Cory Janssen in Edmonton, Alberta. 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]

1999s

In April 2007, Forbes Media acquired Investopedia.com for an undisclosed amount. At the time of the acquisition, Investopedia drew about 2,500,000 monthly users and provided a financial dictionary with about 5,000 terms from 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 $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][8][9] In 2013, ValueClick would then sell Investopedia and a group of other properties to IAC for $80 million.[10] Following the acquisition by IAC, Investopedia launched several initiatives, including Investopedia Academy to sell educational technology.[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 "provid[ing] 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.

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 2020-10-02. Retrieved 2020-09-30.
  3. ↑ "David Staples: Edmonton biz whiz sets out to make big bucks in artificial intelligence". edmontonjournal. Archived from the original on 2021-05-08. Retrieved 2022-05-21.
  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". Ad 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. ↑ 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. ↑ "Forbes Sells Investopedia To ValueClick In $42 Million Deal". TechCrunch. August 4, 2010. Archived from the original on May 18, 2017. Retrieved March 30, 2017.
  9. ↑ 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.
  10. ↑ Barinka, Alex (December 10, 2013). "IAC Gets a Bargain in Buying ValueClick Websites". Bloomberg News. Archived from the original on 2020-02-15. Retrieved 2017-03-07.
  11. ↑ "Investopedia Academy Launches to Empower Consumers with Financial Skills" (Press release). PR Newswire. September 19, 2017.
  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 2020-11-09. Retrieved 2021-02-08.
  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 2020-10-08. Retrieved 2020-09-30.

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