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Financial sites MarketWatch, Cake get in on social networking

Financial advice takes a turn with the introduction of social networking features to Dow Jones' MarketWatch.com and Cake Financial, a new, entirely user-based investing community.

Just this week MarketWatch added MarketWatch Community, a Beta offshoot where users can post comments, rate articles, and try their hand at market forecasting.

Cake Financial, currently in Alpha, passes over an authoritative analyst voice in favor of a "Social Investing Revolution" allowing users to view the real-time performance of community members with similar profiles. During sign-up, users fill in their investment style, growth goals, history, and education level among other questions. They still build their own networks by adding family and friends, and can create account preferences like an automated stock watchlist.… Read more

Bambi Francisco, Vator complete funding round

Bambi Francisco, the former columnist for financial news site MarketWatch who resigned last month after ethical questions were raised about her relationship with Vator.tv, has announced that the startup has completed a round of fundraising.

Among her investors are Peter Thiel, the PayPal cofounder, and Richard Rosenblatt, the former CEO of MySpace's former parent company, Intermix. In an interview earlier this month with Beet.TV, Rosenblatt announced that he had joined the round.

Vator invites entrepreneurs to videotape their "elevator pitches," or a request for funding, and post them to the site. This way an entrepreneur … Read more