MarketWatch's theme is one that has captured the interest of many people over the years. With its diversity of approaches and its impact on different aspects of life, MarketWatch has proven to be a topic of debate and reflection in various spheres. From its influence on popular culture to its relevance in contemporary society, MarketWatch has left an indelible mark on the collective imagination. In this article, we will explore various facets of MarketWatch and its importance in today's world, offering a comprehensive view to better understand its presence and implications.
Type of site | Financial Information |
---|---|
Headquarters | New York City |
Owner | Dow Jones & Company |
Editor | Mark DeCambre |
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. The marketwatch.com domain name was registered on July 30, 1997. The website launched on October 30, 1997, as a 50/50 joint venture between DBC and CBS News, then run by Larry Kramer and co-founder and chairman, Derek Reisfield. Thom Calandra was its first editor-in-chief.
In 1999, the company hired David Callaway and in 2003, Callaway became editor-in-chief. 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. In June 2000, the company formed a joint venture with the Financial Times with Peter Bale as managing editor.
In January 2004, Calandra resigned amidst allegations of insider trading. In January 2005, Dow Jones & Company acquired the company for $528 million, or $18 per share.
In May 2016, MarketWatch hired Dan Shar as general manager In October 2020, MarketWatch announced that it would become a paywalled subscription-based publication, in order to "raise the ambitions of our journalism". Mark DeCambre was named editor in chief on March 21, 2022.