Yahoo wants to launch a trading platform to become the 'Bloomberg' for retail investors, report says

Yahoo is considering launching a stock trading platform in order to bolster growth, according to a report.

Yahoo, which was acquired by Apollo Global Management, has a number of initiatives in mind. Apollo bought Yahoo and AOL for $5 billion.

According to a source, the company's executives want to build a platform in its Yahoo Finance division and allow retail traders to use Yahoo Finance's data as part of its trading tools. Yahoo is planning to ink deals with major sports betting companies as well as venture into sports betting, according to a report.

Yahoo Japan's license was paid for by SoftBank last year, giving the company extra capital to expand.

Jim Lanzone is the chief executive officer of Yahoo. Being open to all partnerships is whatInvesting means.

The company had $7.1 billion in revenues before it was sold to Apollo. The GAAP is the financial reporting standard for public companies.