How Crowdsourced News May Give Investors an Edge

One startup is betting on the rise of crowdsourcing, especially at the intersection of investing and news.
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One startup is betting on the rise of crowdsourcing, especially at the intersection of investing and news. Tradebird is a smartphone and Web app that launched this week. 'It provides a feed of crowdsourced news analysis and opinion on the financial markets and topics that drive them,' said Ivan Ashminov, the company's CEO, adding that anyone can post or have access to the information within the app. The service aims to help traders make actionable decisions based on information about stocks, currencies and commodities, among other topics. 'Instead of spending a lot of time browsing various sources, one can just follow the stream and see how news is developing and see the social feedback of the community and make up his mind on his next trade.' TheStreet's Scott Gamm reports from Wall Street.