SocialPicks
The business, the turning points, and the decisions behind them.
Some sections are still being researched1 / 4
Sections to complete：02
01 / WHAT IT BUILT
What the company did
SocialPicks was a Mountain View-based social investing community co-founded by Weiting Liu. Unlike rivals that tracked real portfolios, it worked like a fantasy sports league: users selected companies they thought would perform well and received a score based on the accuracy of their 'picks' and average return, while exchanging news and advice. It entered limited beta in 2006 and raised $500,000 from Bay Partners and others at the end of 2007.
02 / FAILURE REASONS
Material for this section is being gathered and checked. It will appear here once ready.
03 / EVENT HISTORY
Events in the structured record
- Beta
SocialPicks launches limited beta of its fantasy-stock-picking community.
- Funding
SocialPicks raises $500,000 from Bay Partners and others.
- Acquired
In late April 2009, financial data and business news company FinancialContent acquires SocialPicks (confirmed May 1, 2009), adding community features to its platform. In May 2012, SocialInSight acquires SocialPicks from FinancialContent.
04 / CONTEMPORARY REBUILD ASSESSMENT
Difficulty of rebuilding this project today
Material for this section is being gathered and checked. It will appear here once ready.
Overall assessment: Not completed
05 / CAUSAL CHAIN
How the factors connect
- 01
Acquired by FinancialContent late April 2009 (confirmed May 1, 2009).
- 02
SocialInSight acquired SocialPicks from FinancialContent in May 2012.
- 03
No reliable company-level loss figure disclosed.