Wall Street Italia
|Type||Business, finance, politics|
Wall Street Italia (WSI) is a leading independent website in Italy, specialized in business, financial, political news and analysis aimed to institutional and private investors. It is published by Wall Street Italia, Inc., a US company.
Wall Street Italia is not a broker, consequently, it can be considered "market neutral" for private and institutional investors who are active in the global market. Furthermore, WSI has never received public contributions or subsidies of any kind (contrary to a common practice in Italy).
In 2013 - a year of deep recession in Italy - unique visitors on the website grew +2,85% compared to 2012 to 4,291,359 vs 4,172,369: on average 357,614 unique visitors per month. In 2013 Page views were 79,954,835, on average 6,662,902 per month.
Founded in New York in October 1999 by longtime financial journalist Luca Ciarrocca (who holds a degrees in Law and a Master in Business Administration) Wall Street Italia went through all Internet cycles: boom, crisis, restructuring. In 2001 HdpNet, the media company controlled by RCS Media Group – Corriere della Sera (the largest public media company in Italy) acquired 30,24% of WSI shares. After a "buy back" of RCS Media Group's shares and in spite of economic and financial crisis (the worst since the Great Depression), starting from 2008 WSI experienced a substantial increase in web traffic.
WSI main focus became in fact reporting all news related to the ferocious speculative attack, within the financial market, against Europe's peripheral countries (the so-called PIIGS: Portugal, Italy, Ireland, Greece, Spain). During the summer of 2011 the website published extensive coverage about Italy and its government sovereign bonds (BTPs) under attack.
Furthermore, Wall Street Italia strongly criticized the malfunctions of Europe and its currency, the Euro; the recessionary consequences of austerity measures and high taxation applied to cash-strapped countries with huge public debt like Greece, Spain and Italy; the unfairness and doubts about Brussels internal mechanisms and strategies, such as the ESM (European Stability Mechanism) and the Fiscal Compact.