Business Services Industry
Zecco Partners with The Motley Fool to Offer User-Generated Stock Rating Service
Business Wire, June 13, 2007
Zecco.com Users to Access and Contribute to The Motley Fool's CAPS Stock Rating Service
BURLINGAME, Calif. -- Zecco.com, the free online investing community that also provides access to $0 stock trading, today announced that it has formed a strategic alliance with The Motley Fool to offer access to CAPS, a free stock rating service, within the Zecco community. The partnership will enhance each company's community, spreading their members' collective wisdom to thousands of new investors.
CAPS allows users to recommend stocks and tracks the performance of those recommendations in real-time. Stocks are then rated from one to five stars. Zecco's users can now directly access CAPS ratings for stocks researched and discussed on Zecco.com. This means that CAPS will pool the intelligence and resources of the Zecco and The Motley Fool communities to help people identify the best stocks to buy - and ones to avoid.
"It's tremendously empowering to connect our investor communities. With this partnership our customers and those at The Motley Fool can exchange ideas and contribute to a fuller understanding of opportunities in the stock market," said Jeroen Veth, CEO of Zecco Holdings. "Zecco is all about collective wisdom and meritocracy in investing ideas. CAPS' real-time investor sentiment and ratings really reflect those values. This is a natural combination that benefits investors around the country."
Motley Fool CAPS is the first online service that rates stocks and tracks professional and individual investors, so that everyone has access to market-beating investment ideas. CAPS currently rates more than 4,500 stocks, generated from nearly 1 million recommendations by tens of thousands of individual investors.
The depth and breadth of CAPS' aggregated investor ratings is a useful complement to Zecco's new community application, ZeccoShare, currently in private Beta. In ZeccoShare, investors can share their actual portfolio holdings and recent trades to reach out to others with the same investing strategies and interests. Unlike any other collective stock rating community, with ZeccoShare you can see if investors are following their own recommendations by reviewing their actual trades and positions.
"Both Zecco and The Motley Fool embrace the idea of community and bringing investors together to find better stocks and beat the market," said John Keeling, SVP, Community Intelligence at The Motley Fool. "The alliance with Zecco felt like a natural fit because its community spirit is similar to the one we have cultivated at The Motley Fool. We expect that by integrating the benefits of our sites we will successfully enhance functionality, collaboration and education."
The link to the CAPS service will be prominently displayed on the research and discussion pages at www.zecco.com. Customers will also find a link to CAPS through ZeccoShare.
In addition to the partnership with Zecco, The Motley Fool also recently announced a partnership with Microsoft Corp. to offer the CAPS ratings service on MSN Money.
About Zecco Holdings, Inc.
Zecco Holdings, Inc. (www.zecco.com) is the company behind Zecco.com, the online financial portal and community where investors have access to free stock trading. Zecco.com provides a valuable community-moderated space where great investing ideas can be freely shared, debated and tested. In a field crowded by discount brokerages like E*TRADE, Charles Schwab, and TDAmeritrade, the zero commission pricing and investor community on Zecco.com offers investors a refreshing alternative. Zecco is backed by pioneering shareholders Morten Lund of LundKenner, an early investor in Skype and Dutch telecom magnate, Marcel Boekhoorn. Headquartered in Burlingame, California, Zecco.com combines the best features of a financial portal, social networking community, and access to online brokerage at an attractive price: Free. Zecco/Zecco.com is not a securities broker/dealer. All securities and investments are offered through Zecco Trading, a division of Equinox Securities, Inc. Member NASD / SIPC. The 10 free trades per day, 40 free trades per month offer is only available through Zecco.com.
About The Motley Fool
A worldwide investment and financial advisory services company, The Motley Fool has helped millions of people grow their wealth and achieve financial independence across a wide variety of online and offline media channels including: its award-winning website at www.fool.com; eight best-selling Simon & Schuster and self-published books; a nationally syndicated weekly newspaper column carried by more than 200 publications; a nationally syndicated PBS television special; and the company's award-winning UK subsidiary, Fool UK (www.fool.co.uk).
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