TheStreet.com Acquires Remaining Stake In Financial Social Net Stockpickr
By David Kaplan - Wed 25 Apr 2007 11:48 PM PST
That was quick: As TheStreet.com prepares to release its quarterly earnings results Thursday, it has acquired the remaining 50.1 percent stake in social net/financial advice site Stockpickr that it did not already own. Terms of the deal were not revealed. At the start of the year, TheStreet.com made its initial purchase in part of Stockpickr, which operates an online forum where people can trade techniques on how “the rich get richer,” as well as exchange investment strategies. Stockpickr claims to offer insight into over 800 professional portfolios – including the portfolios of billionaire investors Warren Buffett and George Soros – and thousands of individual investor portfolios, which is intended to allow the site’s visitors to emulate professionals’ strategies. Release
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