MarketWatch

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MarketWatch
MarketWatch Logo.svg
Type of site
Financial Information
HeadquartersNew York City
OwnerDow Jones & Company
EditorJeremy Olshan[1]
URLmarketwatch.com
Alexa rank416 (As of 27 March 2020)[2]
LaunchedOctober 30, 1997; 22 years ago (1997-10-30)
Current statusOnline

MarketWatch is a website that provides financial information, business news, analysis, and stock market data. Along with The Wall Street Journal and Barron's, it is a subsidiary of Dow Jones & Company, a property of News Corp.

History[edit]

The company was conceived as DBC Online by Data Broadcasting Corp. in the fall of 1995.[3]

The marketwatch.com domain name was registered on July 30, 1997.[4]

The website launched on October 30, 1997 as a 50/50 joint venture between DBC and CBS News run by Larry Kramer[3] and with Thom Calandra as 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.[3]

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]

See also[edit]

References[edit]

  1. ^ Adinolfi, Joseph (May 14, 2014). "Jeremy Olshan takes reins as editor of MarketWatch". MarketWatch.
  2. ^ "Alexa Internet: Marketwatch.com". Alexa Internet.
  3. ^ a b c Kramer, Larry (October 30, 2017). "The history of MarketWatch: How a sports data startup became a half-billion-dollar financial news site". Marketwatch.
  4. ^ "Whois Record for MarketWatch.com". Domain Tools.
  5. ^ a b "MarketWatch commentator resigns amid probe". NBC News. Associated Press. January 23, 2004.
  6. ^ O'Shea, Chris (July 10, 2012). "David Callaway, MarketWatch Editor, Named USA Today EIC". Adweek.
  7. ^ "Joint Venture Agreement - Financial Times Group Ltd., MarketWatch.com Inc., Pearson Internet Holdings BV and Pearson Overseas Holdings Ltd". June 19, 2000.
  8. ^ "FT Marketwatch Appoints Managing Editor". Pearson plc. March 20, 2000.
  9. ^ "DOW JONES & COMPANY CLOSES $528 MILLION MARKETWATCH ACQUISITION" (Press release). U.S. Securities and Exchange Commission. January 24, 2005.

External links[edit]