Google Finance Portfolios to be eliminated...other changes in the hopper..
By Max A. Cherney
Portfolio feature will be eliminated, automated version will migrate to Google Search in first major update since 2009
Alphabet Inc. has informed users of its Google Finance product last week (https://productforums.google.com/forum/#!category-topic/websearch/uf8q-AaPiyQ) that the core of the offering, the portfolio feature, will soon disappear as the stocks-focused product undergoes a transformation that bundles it into Google's dominant search offering.
The November move will mark the first major change to a languishing product that has existed since 2006 but hasn't seen an overhaul in more than eight years. To replace the outgoing features, Google said that it plans to migrate users' portfolios to Google's search product, which will aim to analyze users' interests and provide a report for users.
"As part of this updated experience, you'll still be able to follow the stocks you're interested in and receive the latest industry news and market trends, but the Portfolios feature will no longer be available as part of the service," a Google spokeswoman wrote in an emailed statement.
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Google Finance portfolios, similar to rival finance-focused products like Yahoo Finance, allow users to track a number of investments over time, including profit or loss calculations based on the purchase price of a security, and to create data visualizations based on the information. Before the mid-November changes, Google has given its users an option to download their portfolio in CSV or OFX format.
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It isn't clear what, if any additional features Google plans to change, or what the Google Finance site will look like after the overhaul is complete. A spokeswoman confirmed that the Google Finance site will remain--in some form--but declined to make executives available to discuss the changes in greater detail.
Alphabet (GOOGL) (GOOGL) stock is up 18.6% this year, while the S&P 500 index has gained 11.5% and the Dow Jones Industrial Average has gained 13%.