OLD Media Moves

What’s next for Yahoo Finance?

May 4, 2021

Posted by Chris Roush

Richard Waters, James Fontanella-Khan and Sara Germano of The Financial Times write about what’s next for Yahoo under new ownership, including how Yahoo Finance might change.

Waters, Fontanella-Khan and Germano write, “Yahoo Finance, long one of the company’s crown jewels, could present another opportunity to move beyond advertising. Apollo is considering tapping into its huge audience, which currently is composed of retail investors using its free trading tools and news stream, by potentially building more profitable businesses, including providing access to financial services products.

‘”I see a big opportunity, using that brand, to monetise their tremendous user base in other areas related to finance,’ said Sambur. The private equity firm is exploring whether it can turn Yahoo Finance into something more lucrative, such as a stockbroker like Robinhood or whether it can delve into the cryptocurrency business.

“But even if it uses openings such as this to move beyond advertising, Apollo will still need to succeed where previous Yahoo owners have failed: turning its enviable audience into a more attractive draw for advertisers in competition with Google, Facebook and Amazon.”

Read more here.

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