Type of site
|Finance and Investing|
|Headquarters||New York City|
Investopedia was founded by Cory Wagner and Cory Janssen in Edmonton, Alberta at the height of the dot-com era in 1999. Wagner focused on business development and R&D, and Janssen focused on marketing and sales. Investopedia drew about 2,500,000 monthly users and provided a popular financial dictionary with over 5,300 terms drawn from personal finance, banking and accounting. It also provided thousands of in-depth articles by financial experts and a Stock Simulator.
In 2010, Forbes sold Investopedia to ValueClick Inc. for $42 Million.
In 2013, IAC/InterActive Corp acquired Investopedia.com as part of a group of internet properties from ValueClick Inc for $80 Million.
Since 2013, IAC has backed Investopedia’s growth and supported its investment into video and timely news production. CEO David Siegel has led the publication to a 40% year-over-year revenue growth and 17% gain in traffic.
Joey Levin, the CEO of IAC said that Investopedia was “the business we wanted.”
- Ha, Anthony, "IAC Hires David Siegel As CEO Of Finance Website Investopedia", techcrunch.com, March 10, 2015.
- Simon, Dan, "Success By The Numbers: An Interview With Investopedia CEO David Siegel", Forbes, February 29, 2016.
- "Forbes Media Acquires Investopedia.com". www.businesswire.com. Retrieved 11 April 2007.
- Nicole, Kristen. "Investopedia Acquired by Forbes". Mashable. Retrieved 12 April 2007.
- Wauters, Robin. "Forbes Sells Investopedia To ValueClick In $42 Million Deal". TechCrunch.
- Barinka, Alex (10 December 2013). "IAC Gets a Bargain in Buying ValueClick Websites". Bloomberg.com.
- Sluis, Sarah (15 June 2016). "Investopedia Recalculates To Serve A Social, Expert Audience | AdExchanger". AdExchanger.