Seeking Alpha
Seeking Alpha is a crowd-sourced content platform that publishes financial market news. It is available through a website and a mobile app. Users must pay a subscription fee to access the content after a free trial period. Almost all of the articles published by the service are written by independent contributors, mostly from the buy side, and are paid based on how many subscribers access their articles. Henry Blodget and Paco Ahlgren are two notable contributors. Former Morgan Stanley technology analyst David Jackson founded Seeking Alpha in 2004. MSN, CNBC, MarketWatch, NASDAQ, and TheStreet.com all signed distribution deals with the company.
Seeking Alpha is accused of serving as a platform for market manipulators. Because of Seeking Alpha's popularity, some investors use it to manipulate the market to their advantage. To accomplish this, they typically post highly negative news or analysis about a company and its stock, urging readers to sell their shares and not buy any new shares, resulting in a rapid decline in the stock price as readers rush to sell their shares.
They anticipate that this will result in a lower entry point for them to purchase the stock in the near future and that they will profit once their biased and misrepresented article is refuted. Some other investors will short the stock before publishing their negative article, profiting from both the initial drop in the stock price and its subsequent near-future rise by regaining possession at a lower price.
Founded: 2004
Headquarters: Ra'anana, Israel
Twitter: @SeekingAlpha (227N followers)
Website: https://seekingalpha.com/