CafeStocks is yet another startup trying to marry social features and Indian stock market investing. The goal is to use wisdom of the crowds for buying and selling stocks. Users can collaborate and seek out opinions and ask questions related to any particular stock. Each user can maintain their virtual portfolio and based on the performance of their portfolio, earn karma points.
While there’s little novelty regarding the concept, the problem lies with CafeStocks’ poor execution. Be it design, content or utility, the site feels somewhat lacking - I guess they should have waited some more time to seed content before opening it to the public. Without proper focus and execution, it may vanish into oblivion, especially since others seem be executing quite well.
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