Yahoo recently announced its acquisition of Commonstock, a broker-agnostic social platform that offers insights to retail investors. This acquisition will extend the capabilities of Yahoo Finance to social investor communities and provide users with retail investing resources, solutions and experiences.
Commonstock was launched in August 2020 and has more than $10 billion in connected assets. It lets users link brokerage accounts, share portfolio performance and discuss trades and investment strategies. Commonstock will enhance Yahoo Finance’s capabilities. The latter platform has more then 150 million global monthly users.
With this acquisition, the Commonstock team will join Yahoo Finance and work to create a one-stop shop for financial decisions. Yahoo Finance’s goal is to become the premier destination for all financial needs, catering to every stage of the investment process.
