Investopedia

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. Wagner focused on business development and research and development, while Janssen focused on marketing and sales.

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.

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. In 2013, ValueClick would then sell Investopedia and a group of other properties to IAC for $80 million. Following the acquisition by IAC, Investopedia launched several initiatives, including Investopedia Academy to sell educational technology. Investopedia operates under the discretion of CEO Neil Vogel.

In March 2015, David Siegel, an alum of Seeking Alpha, was hired as CEO of Investopedia. Caleb Silver was hired from CNN to oversee content operations for the platform in January 2016. In July 2018, Investopedia joined the Dotdash family of brands and laid off 1/3 of its staff, or 36 people. The site underwent a rebranding and relaunch later in the year.

2020s

In 2020, editor-in-chief Silver described Investopedia's goal as "providing context around the news," rather than breaking new stories. The site launched its first podcast, The Investopedia Express, hosted by Silver, in September 2020.

References

References

1. "Our Brands". [[People Inc.]].
2. "David Staples: Edmonton biz whiz sets out to make big bucks in artificial intelligence".
3. Roush, Chris. (April 12, 2007). "Forbes purchases Investopedia".
4. (April 12, 2007). "Forbes Media Acquires Investopedia.com". [[Advertising Age]].
5. Nicole, Kristen. (April 12, 2007). "Investopedia Acquired by Forbes". [[Mashable]].
6. Wauters, Robin. (August 4, 2010). "Forbes Sells Investopedia To ValueClick In $42 Million Deal". [[TechCrunch]].
7. Savitz, Eric. (August 4, 2010). "ValueClick Buys Investopedia From Forbes For $42 Million". [[Barron's (newspaper).
8. Barinka, Alex. (December 10, 2013). "IAC Gets a Bargain in Buying ValueClick Websites". [[Bloomberg News]].
9. (September 19, 2017). "Investopedia Academy Launches to Empower Consumers with Financial Skills".
10. Kovachik, Kelsey. (June 21, 2023). "How I do it: Neil Vogel, Dotdash Meredith".
11. Ha, Anthony. (March 10, 2015). "IAC Hires David Siegel As CEO Of Finance Website Investopedia". [[TechCrunch]].
12. Roush, Chris. (January 26, 2016). "Investopedia hires CNN's Silver".
13. Rapier, Graham. (August 10, 2018). "IAC is laying off a third of Investopedia staff". [[Business Insider]].
14. (August 8, 2018). "IAC Shareholder Letter".
15. Roush, Chris. (March 4, 2020). "Investopedia editor Silver: My goal is to answer questions".
16. "The Investopedia Express with Caleb Silver on Apple Podcasts". [[Apple Podcasts]].