Seeking Alpha is a crowd-sourced content service for financial markets. Articles and research covers a broad range of stocks, asset classes, ETFs and investment strategies. In contrast to other equity research platforms, insight is provided by contributor base of investors and industry experts (buy side) rather than sell side. Seeking Alpha was founded in 2004 by former Wall Street analyst David Jackson.
In 2011 the company stated it had distribution partnerships with MSN Money, CNBC, Yahoo! Finance, MarketWatch, NASDAQ and TheStreet, although Yahoo Finance ended its relationship with Seeking Alpha on July 28, 2014.
As of February 2014, the firm had 3 million registered users, and attracted 8 million unique viewers a month.
The site’s content is generated by independent contributors. Payments for exclusive articles are set at a rate of $13 per 1000 page views, with some articles qualifying for minimum page view guarantees or additional bonuses.
For 2011, the firm was projected to pay its approximately 550 exclusive article contributors $1.2 million.
Notable contributors include Henry Blodget and Paco Ahlgren.
Wisdom of Crowds
In 2014, the Review of Financial Studies published Wisdom of Crowds: The Value of Stock Opinions Transmitted Through Social Media. Researchers from City University of Hong Kong, Purdue University and Georgia Institute of Technology analyzed approximately 100,000 Seeking Alpha articles and commentary published between 2005 and 2012. The researchers looked at the ability of Seeking Alpha articles to predict not only future stock returns (a variable susceptible to influence by analysts’ published opinions), but also future earnings surprises (a variable unlikely to be influenced by published opinions). The authors found that views expressed in Seeking Alpha articles, as well as reader commentaries on those articles, did predict future stock returns over every time-frame examined, from one month to three years. Articles and reader commentaries also predicted earning surprises.
In 2013, Wired named Seeking Alpha one of the “core nutrients of a good data diet.” In 2007, Seeking Alpha received a Forbes’ Best of the Web designation and was selected by Kiplinger’s as Best Investment Informant. In 2011 Seeking Alpha Market Currents was listed as number one in Constantine von Hoffman’s list of Essential Economic blogs.
- ^Regan, Trish (24 March 2014). “How Social Media Can Influence Markets”. Bloomberg TV. Retrieved 20 April 2014.
- ^ Jump up to:ab Hu, Yu (Jeffrey); Hailiang Chen; Prabuddha De; Byoung-Hyoun Hwang (May 2014). “Wisdom of Crowds: The Value of Stock Opinions Transmitted Through Social Media”. The Review of Financial Studies. 247 (5): 1367*1403. Retrieved 20 April 2014.
- ^Bilton, Ricardo. “How publishers-turned-platforms pay their amateur contributors”. Digiday. Retrieved 20 April 2014.
- ^“Market Movers”, U.S. News & World Report, March 2009. Archived 2012-10-21 at the Wayback Machine
- ^Director of Contributor Relations”, Seeking Alpha, January 17, 2011.
- ^“An End To Our Relationship With Yahoo, A New Era For Equity Research”, Seeking Alpha, January 25, 2014.
- ^Hu, Yu Jeffrey; Hailiang Chen; Prabuddha De; Byoung-Hyoun Hwang (14 April 2014). “Associate Professor and Consultant”. The Review of Financial Studies (RFS). 27 (5): 1367–1403. Retrieved 20 April 2014.Chernova, Yuliya (19 March 2014). “Study: Crowdsourced Stock Opinions Beat Analysts, News”. The Wall Street Journal. Retrieved 20 April 2014.
- ^Tweney, Dylan (9 October 2013). “Seeking Alpha: Who needs an acquisition when we’re doing so well?”. VentureBeat. Retrieved 22 April 2014.
- ^“CrunchBase”. TechCrunch. Retrieved 22 April 2014.
- ^“Contributor Payment Terms”. Seeking Alpha. Retrieved 2019-03-10.
- ^com, Author: Guest PostIf you are interested in contributing to ValueWalk on a regular or one time basis-email us at (2018-06-25). “Seeking Alpha -Major Changes To Editors’ Pick, Welcome Pro Editor Bonus”. ValueWalk. Retrieved 2019-03-10.
- ^“Updated: Seeking Alpha On Track To Pay Its Bloggers $1.2 Million This Year”. paidContent. Archived from the original on 2013-10-25. Retrieved 24 October 2013.
- ^Chernova, Yuliya. “Study: Crowdsourced Stock Opinions Beat Analysts, News”. The Wall Street Journal. Retrieved 21 April 2014.
- ^WIRED: 101 Signals
- ^Forbes (December 17, 2004). “Forbes Best Of The Web”. website. Archived from the original on February 15, 2012. Retrieved 27 April 2013.
- ^“The 2007 Best List”, Kiplinger’s Personal Finance Magazine, November 2007.
- ^von Hoffman, Constantine (Dec 26, 2011). “10 Essential Economic Blogs”. Inc Magazine.
Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives. Founder of TBIL.co STATX Fund.