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The Idea
I would think that a wikipedia like site for publicly traded companys would be a nice change from paying tons of $$ to hoovers, not to mention all the finance companies.
This site would have other features/possibilities: community tools, forums, investment collaboration, and a unique ranking system for each company.
The primary mission of this site would be to share information about stocks in a stanardized format that everyone could see. I own a domain name this would work for but very little web development talent.
I thought of this idea when I was...
I was working on a school research project that required me to us Hoovers to gather data on companies. I found out how much money Hoovers charges for there information and thought wow thats just like the online encylopedias did in the 90's, we should make it free in a wikpedia style.
Comments Posted
u mean a brokerage site?
May be u can create a differentiator by creating a site that publishes Insider information.
Sounds dicey, Wall Street's gonna crack down on this real fast!
There are sites that cover companies, although not in a straight wikipedia style.
I would hope that by the end of your research project you can see the difference between the kind of information provided by financial companies and brokers and that provided by Wikipedia. Financial information changes quickly and has a lot of money riding on it - how would you update it quickly enough to keep it current, and why should people trust their hard-earned riches on information gathered by community?
Great idea - take a look at http://www.valuewiki.com
There is already alot of info out there finance.google.com, money.cnn.com or the motley fools (and they have a ranking system community driven) for example, doesn't these site cut it?
I admit that some web site repository for info with user input is great.
the problem is security laws
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