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. The company reports it has distribution partnerships with MSN Money, CNBC, Yahoo Finance, MarketWatch, Nasdaq and TheStreet. However, Yahoo Finance chose to end its relationship with Seeking Alpha on July 28, 2014. 
|Slogan(s)||Read. Decide. Invest.|
|Website||Seeking Alpha's Website|
|Alexa rank||326 (U.S.)|
|Type of site||financial commentary and analysis|
Seeking Alpha derives its content from independent contributors who sign up to the site. Base payment is $35 plus $10/CPM (1,000 page-views). For high-quality analysis of stocks that otherwise lack good research, Seeking Alpha has three additional payment tiers: Small-Cap Insight - a minimum of $150 per article for high-quality small-cap research, selected by editors, and Top Ideas - for top small-cap ideas with exceptionally attractive risk/reward profiles, payment is $500.How Much Does Seeking Alpha Pay Its Contributors? Finally, two articles are selected each week for a $2,500 "outstanding performance" prize on the basis of how well the stock idea played out.
Its articles are published as Premium articles, Standard articles, and Instablogs. Standard articles are allowed to be published elsewhere, but they also undergo a selection process and are unpaid. Instablogs are published instantly and with no pay. In 2011, Seeking Alpha is estimated to have paid its approximately 550 Premium contributors $1.2 million.
The 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, but also future earnings surprises. Findings included that Articles and comments on Seeking Alpha predicted stock returns over every time-frame examined: three months, six months, one year and three years.
In 2013, WIRED magazine named Seeking Alpha one of its, "…core nutrients of a good data diet." WIRED: 101 Signals. In 2007, Seeking Alpha was the recipient of Forbes' Best of the Web Award and was selected by Kiplinger's as its pick for Best Investment Informant. In 2011 Seeking Alpha was listed as #1 in Inc. magazine's list of Essential Economic blogs.
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- 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.
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- Chernova, Yuliya. "Study: Crowdsourced Stock Opinions Beat Analysts, News". The Wall Street Journal. Retrieved 21 April 2014.
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- "The 2007 Best List", Kiplinger's Personal Finance Magazine, November 2007.
- Hoffman, Constantine (Dec 26, 2011). "10 Essential Economic Blogs". Inc Magazine.