07/03/2008 05:12 am ET Updated May 25, 2011

Social Investing: What Is It And Why Does It Exist? (VIDEO)

Wall Street meets Web 2.0 in a place called social investing, where "average" investors share their stock picks and pans. The concept is not new, but several new sites are vying for investors' attention as social networking moves beyond the realm of teenagers and college students.

VC investor Howard Lindzon is an avid investor in the space, and is an early-stage investor in Covestor, which bills itself as "a portfolio sharing service for proven self-investors and for those wishing to track them.

Read more on Yahoo! Finance