MarketWatch

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.

MarketWatch
Type of site
Financial Information
HeadquartersNew York City
OwnerDow Jones & Company
EditorMark DeCambre[1]
URLmarketwatch.com
LaunchedOctober 30, 1997 (1997-10-30)
Current statusOnline

History

The company was conceived as DBC Online by Data Broadcasting Corp. 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 run by Larry Kramer[2] and with Thom Calandra as editor-in-chief.[4]

In 1999, the company hired David Callaway and in 2003, Callaway became editor-in-chief.[5] 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[6] with Peter Bale as managing editor.[7]

In January 2004, Calandra resigned amidst allegations of insider trading.[4] In January 2005, Dow Jones & Company acquired the company for $528 million, or $18 per share.[8]

In May 2016, MarketWatch hired Dan Shar as general manager[9] In October 2020, MarketWatch announced that it would become a paywalled subscription-based publication, in order to "raise the ambitions of our journalism".[10] Mark DeCambre was named editor in chief on March 21, 2022.[11]

See also

References

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