Announcing the UpDown Friends Feed: See What Your Friends Are Doing

Please read our blog for details about our newest feature.

http://blog.updown.com/announcing-the-updown-friends-feed-see-what-your-friends-are-doing/

Members frequently ask for is insight into what other members are doing, including the ability to view each other's portfolios. We've resisted this, becasue we want to see how each member does on their own.

But in our Facebook application we have published trading information, specifically when a member makes a buy and sell. This experiment is working well, so we've decided to bring it to UpDown.com.

Starting tomorrow, you'll be able to see when a friend has:

Made a buy, including the amount Made a sell, including the company name and amount Added another friend Joined a contest, group or network We're really excited about this new feature and think it will make the site more interesting for groups of friends.

Networks Tab

The UpDown Community has thousands of college students and alumni, but up until now it's been difficult to see how you're doing among members from your school.

Now this is easy with the first phase of our Networks feature. If you have a verified e-mail address from a college or university, you can join a network.

Once you're in a network, you can:

   * See how all members of that network are performing on an annualized, monthly, and daily basis
   * Read stock tips and picks written by members from your network
   * Send messages to members of your network
   * Add friends from your network

Over 1,000 schools are represented so far. Searching is easier than ever.

Resetting Your Portfolio

With the markets dropping, many portfolios are below $1,000,000, and one of the most popular requests from members is to reset portfolios to $1,000,000. We've done this on an ad-hoc basis when the requests come in.

We've decided to automate this so you can reset your portfolio yourself. Just look for the "Reset Portfolio" link next to your portfolio total.

The UpDown Team

Short-Selling Ban Lifted

We just finished lifting the short-selling ban on UpDown in response to the removal of the real-world ban last night. You should be able to short-sell as you wish now!

Please let me know if you have any questions and stay updated on all UpDown news at http://blog.updown.com.

Brendan, UpDown Team

Important Notice

We are having problems with our trading system.

All trades will be executed properly, but may take hours to show up on the site.

Please do not cancel trades in order to have them placed. This will just cause your trade to execute at a new price and for the trade to take even longer to go through.

Also, we do not recommend any day trading strategies until we clear up this problem.

We hope to have this problem resolved by the end of the day.