Type of site | Financial Information |
---|---|
Headquarters | New York City |
Owner | Dow Jones & Company |
Editor | Mark DeCambre [1] |
URL |
marketwatch |
Launched | October 30, 1997 |
Current status | Online |
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. It is a subsidiary of Dow Jones & Company, a property of News Corp, along with The Wall Street Journal and Barron's.
The company was conceived as DBC Online by Data Broadcasting Corporation in the fall of 1995. [2] The marketwatch.com domain name was registered on July 30, 1997. [3] The website launched on October 30, 1997, as a 50/50 joint venture between DBC and CBS News, then run by Larry Kramer [2] and co-founder and chairman, Derek Reisfield. [4] Thom Calandra was its first editor-in-chief. [5]
In 1999, the company hired David Callaway and in 2003, Callaway became editor-in-chief. [6] In January 1999, during the dot-com bubble, the company became a public company via an initial public offering. After pricing at $17 per share, the stock traded as high as $130 per share on its first day of trading, giving it a market capitalization of over $1 billion despite only $7 million in annual revenues. [2] In June 2000, the company formed a joint venture with the Financial Times [7] with Peter Bale as managing editor. [8]
In January 2004, Calandra resigned amidst allegations of insider trading. [5] In January 2005, Dow Jones & Company acquired the company for $528 million, or $18 per share. [9]
In May 2016, MarketWatch hired Dan Shar as general manager [10] In October 2020, MarketWatch announced that it would become a paywalled subscription-based publication, in order to "raise the ambitions of our journalism". [11] Mark DeCambre was named editor in chief on March 21, 2022. [12]
Type of site | Financial Information |
---|---|
Headquarters | New York City |
Owner | Dow Jones & Company |
Editor | Mark DeCambre [1] |
URL |
marketwatch |
Launched | October 30, 1997 |
Current status | Online |
MarketWatch is a website that provides financial information, business news, analysis, and stock market data. It is a subsidiary of Dow Jones & Company, a property of News Corp, along with The Wall Street Journal and Barron's.
The company was conceived as DBC Online by Data Broadcasting Corporation in the fall of 1995. [2] The marketwatch.com domain name was registered on July 30, 1997. [3] The website launched on October 30, 1997, as a 50/50 joint venture between DBC and CBS News, then run by Larry Kramer [2] and co-founder and chairman, Derek Reisfield. [4] Thom Calandra was its first editor-in-chief. [5]
In 1999, the company hired David Callaway and in 2003, Callaway became editor-in-chief. [6] In January 1999, during the dot-com bubble, the company became a public company via an initial public offering. After pricing at $17 per share, the stock traded as high as $130 per share on its first day of trading, giving it a market capitalization of over $1 billion despite only $7 million in annual revenues. [2] In June 2000, the company formed a joint venture with the Financial Times [7] with Peter Bale as managing editor. [8]
In January 2004, Calandra resigned amidst allegations of insider trading. [5] In January 2005, Dow Jones & Company acquired the company for $528 million, or $18 per share. [9]
In May 2016, MarketWatch hired Dan Shar as general manager [10] In October 2020, MarketWatch announced that it would become a paywalled subscription-based publication, in order to "raise the ambitions of our journalism". [11] Mark DeCambre was named editor in chief on March 21, 2022. [12]