In this article, we are going to explore the fascinating life of MarketWatch, a character who has left an indelible mark on history. Over the years, MarketWatch has been the subject of admiration, controversy and debate, and his legacy lives on to this day. From his most notable feats to the darkest moments of his life, we'll delve into the ins and outs of MarketWatch's life to discover what made this figure so influential. Through testimonies, documents and analysis, we will try to shed light on the importance and impact of MarketWatch in his time and today, to truly understand the scope of his legacy.
American financial information website
This article is about the website. For the TV show, see Market Watch.
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.