RagingBull.com
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Type of site | Financial literacy Day trading |
|---|---|
| Headquarters | Lee, New Hampshire |
| URL | www |
| Launched | 1997 |
RagingBull.com is a website focused on financial literacy and day trading.
History
RagingBull.com was founded in August 1997 by Bill Martin with college partners,[2] Rusty Szurek[3] and Greg Wright, who were 19 years old at the time. It was begun in a basement with an initial investment of $30,000 from savings and credit card loans.[4]
By mid-1998, the website had 8,000 registered users.[5]
David Wetherell, CEO of CMGI, discovered the website while on vacation.[4] In October 1998, CMGI invested $2 million in Raging Bull for a 40% stake.[6] At that time, the co-founders were each 21 years old.[5]
In February 2000, AltaVista, which was majority owned by CMGI, acquired the website in a stock transaction. At that time, Raging Bull had 425,000 registered members, 12 million daily page views, and message boards where users posted 35,000 messages per day.[7][2]
In January 2001, Terra acquired the website.[8][9][10]
In February 2006, Terra's Lycos division sold Quote.com and RagingBull.com to Interactive Data Corporation for $30 million.[11] RagingBull was integrated into eSignal.[12]
In June 2017, Chuck Jaffe was named chief editor of the website.[13]
References
- ^ "Alexa Internet: RagingBull.com". Alexa Internet.
- ^ a b Hechinger, John (November 30, 1999). "AltaVista to Acquire Raging Bull, A Popular Financial-Chat Web Site". The Wall Street Journal.
- ^ "Rusty Szurek: Executive Profile". Bloomberg L.P.
- ^ a b KIRSNER, SCOTT (May 31, 1999). "First Companies Are Serious Business". Fast Company.
- ^ a b Koprowski, Gene (May 1, 1999). "E-Reality". Entrepreneur.
- ^ Anders, Jason (October 1, 1998). "Raging Bull Web Site Gets Venture Capital From CMG". The Wall Street Journal.
- ^ Brick, Michael (November 29, 1999). "Alta Vista to Acquire Raging Bull in Stock Deal". TheStreet.com.
- ^ "Terra Lycos Buys Raging Bull From CMGI's AltaVista Unit". The Wall Street Journal. January 31, 2001.
- ^ Hu, Jim (January 2, 2002). "Terra Lycos lassos AltaVista's Raging Bull". CNET.
- ^ Schiffman, Betsy (January 30, 2001). "Terra Lycos On Acquisitive Rampage". Forbes.
- ^ Ali, Rafat (February 1, 2006). "Lycos U.S. Sells Quote.com to IDC For $30 Million Cash; Wired News Next?". GigaOm.
- ^ "eSignal Debuts the New Quote.com" (Press release). PR Newswire. September 27, 2006.
- ^ "Chuck Jaffe, Host of "Money Life Radio Show," Named Chief Editor of RagingBull.com" (Press release). PR Newswire. June 15, 2017.