Google enters the financial information business
Early Tuesday morning, Google launched the beta version of a financial information service at Finance.google.com that provides stock price information for U.S. companies and funds, along with news from 4,500 sources.
On Tuesday night, Google launched the beta version of a financial information service at Finance.google.com, which offers price information on American companies and funds with news from 4,500 sources. The service will soon be available in Germany and other countries. Google has purchased financial data from several providers for the new service and links this with freely available information such as news, blogs, stock analyses and forums. Google is thus moving away from the idea of a search engine and towards the concept of a news portal, writes the Frankfurter Allgemeine Zeitung. Google is attacking Yahoo's supremacy in the financial business with its finance site. Until now, Google had redirected users who searched for the abbreviation of a stock to Yahoo.
