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"SocialPicks allows you to pick stocks and share stock information with others.  It's like StockDigg (now called DigStock, seemingly), but taken to the next level.  From my inbox:\nSocialPicks is social stock picks &amp; research.  SocialPicks enables stock investors at all levels to exchange market research, recommend stock picks, and get new investment ideas.  Stock picks and market information can be shared conveniently within each user's community.  With everyone's performance being tracked, anyone with a stellar performance can be a star analyst and impact peers' investment decisions.\nThis is going to lead to some *really* interesting social dynamics.  And in many cases, I think they may be negative.  If you believe the Wisdom of Crowds philosophy, then being too connected can lead to bad decisions - it causes information cascades and groupthink.  In other words: you go to Digg, see how others have voted and mindlessly follow the herd.  Now think about the problems Digg has with promoting utterly incorrect information and apply them to stocks.  Not pretty.  Also check out today's top story on Memeorandum, surrounding Digg fraud and the need for editors to step in.  Now imagine that the cheaters aren't just Digging news stories, but trying to bump up their stock price by seeding the community with hypers - problematic to say the least.  Nonetheless, I think SocialPicks is a fascinating social experiment and I'm extremely happy that someone is trying it out.  It'll be interesting to see all these behaviours play out \"in the wild\".  Watch this space.\n[See also Inkling, CrowdIQ,  Vizu, the Yahoo Tech Buzz Game and Smarkets]"^^<http://www.w3.org/2001/XMLSchema#string>
<http://mashable.com/2006/04/20/socialpicks-social-stock-picks/>