Seeking Alpha
Type of business | Private |
---|---|
Type of site | Financial commentary and analysis |
Available in | English |
Founded | 2004 |
Headquarters | , |
Area served | Worldwide |
Owner | Seeking Alpha Ltd. |
Founder(s) | David Jackson |
Key people | David Jackson (CEO) |
Industry | Financial publications |
Employees | 170 |
URL | seekingalpha |
Seeking Alpha is a
Seeking Alpha was founded in 2004 by former Morgan Stanley technology analyst David Jackson.[1]
The company established distribution partnerships with
Results of recommendations (2005-2012)
In 2014, the Review of Financial Studies published Wisdom of Crowds: The Value of Stock Opinions Transmitted Through Social Media. Researchers from
Awards and recognition
In 2007, Seeking Alpha was selected by Kiplinger's as Best Investment Informant.[4]
In 2011, Seeking Alpha Market Currents was listed as number one in Inc.'s list of Essential Economic blogs.[5]
In 2013, Wired named Seeking Alpha one of the "core nutrients of a good data diet."[6]
Allegations of market manipulation
Seeking Alpha has been alleged to be a platform for market manipulators by giving some investors the ability to post highly negative news or analysis about a company causing a rapid decline in the stock price when their followers rushed to sell. One study that tracked the publication of negative Seeking Alpha articles by a group of writers resulted in over $20 billion in misplacing and attributed this to manipulation.[7] Another study showed that short sellers blog negatively about a stock and then close out their short positions and buy "aggressively" when the price subsequently declines.[8] Despite facing allegations, Seeking Alpha has not been held legally liable by either a court or the U.S. Securities and Exchange Commission and no definitive verdict has been reached in this matter.[9]
See also
References
- Barron's.
- ^ Hu, Yu (Jeffrey); Chen, Hailiang; De, Prabuddha; Hwang, Byoung-Hyoun (May 2014). "Wisdom of Crowds: The Value of Stock Opinions Transmitted Through Social Media". The Review of Financial Studies. 247 (5): 1367*1403. Archived from the original on 2015-03-28.
- ^ Chernova, Yuliya (March 19, 2014). "Study: Crowdsourced Stock Opinions Beat Analysts, News". The Wall Street Journal.
- ^ "The 2007 Best List". Kiplinger's Personal Finance. November 2007.
- ^ von Hoffman, Constantine (December 26, 2011). "10 Essential Economic Blogs". Inc.
- ^ "101 Signals: Want to Know Business? These Are the Only People You Need to Follow". Wired. August 14, 2013.
- ^ Joshua, Mitts (June 2020). "Short and Distort". The Journal of Legal Studies. 49 (2). The University of Chicago Press.
- ^ Coffee, John C. Jr.; Mitts, Joshua (March 18, 2019). "Short Selling and the New Market Manipulation". The CLS Blue Sky Blog. Columbia Law School.
- ^ Joshua, Mitts (June 2020). "Short and Distort" (PDF). The Journal of Legal Studies. 49 (2). The University of Chicago Press.