Information technology giant Yahoo is planning to launch a stock trading platform to support growth – sort of becoming a Bloomberg analog for retail investors – and to get into sports betting as one of its many strategic moves, Business Insider writes.

Yahoo reported annual revenue of $7.1 billion in 2020. Yahoo and AOL were acquired last year by private equity giant Apollo Global Management for $5 billion, which was acquired. Yahoo is preparing a slew of initiatives to expand its commerce and transactional divisions. Specifically, executives want to create a platform in its Yahoo Finance unit and allow retail traders to use its data as part of their trading tools.

Another area of focus for the information technology giant will be sports betting as one of the many strategic moves under Yahoo Sports, where the company will strike deals with major betting companies.

Last year, Japanese holding company SoftBank (TYO:9984) paid Yahoo $1.6 billion in Yahoo Japan license fees, giving the company additional capital to expand its offerings.