MarketWatch is a website that provides financial information, business news, analysis, and

stock market A stock market, equity market, or share market is the aggregation of buyers and sellers of stocks (also called shares), which represent ownership claims on businesses; these may include ''securities'' listed on a public stock exchange, as ...

data. Along with ''

The Wall Street Journal ''The Wall Street Journal'' is an American business-focused, international daily newspaper based in New York City, with international editions also available in Chinese and Japanese. The ''Journal'', along with its Asian editions, is published ...

'' and ''

Barron's Barron's or Barrons may refer to: *Barron's Educational Series, a publisher of books, as well as college entrance exam preparation classes and materials, now an imprint of Kaplan Test Prep ** B.E.S. Publishing, the former owner of Barron's * ''Barr ...

'', it is a

subsidiary A subsidiary, subsidiary company or daughter company is a company owned or controlled by another company, which is called the parent company or holding company. Two or more subsidiaries that either belong to the same parent company or having a s ...

Dow Jones & Company Dow Jones & Company, Inc. is an American publishing firm owned by News Corp and led by CEO Almar Latour. The company publishes ''The Wall Street Journal'', ''Barron's'', ''MarketWatch'', ''Mansion Global'', ''Financial News'' and ''Private Equ ...

, a property of

News Corp News Corporation, stylized as News Corp, is an American mass media and publishing company headquartered in Midtown Manhattan, New York City. The second incarnation of the News Corporation (1980–2013), original News Corporation, it was formed ...

History

The company was conceived as DBC Online by Data Broadcasting Corp. in the fall of 1995. The marketwatch.com

domain name A domain name is a string that identifies a realm of administrative autonomy, authority or control within the Internet. Domain names are often used to identify services provided through the Internet, such as websites, email services and more. As ...

was registered on July 30, 1997. The website launched on October 30, 1997, as a 50/50 joint venture between DBC and

CBS News CBS News is the news division of the American television and radio service CBS. CBS News television programs include the ''CBS Evening News'', ''CBS Mornings'', news magazine programs '' CBS News Sunday Morning'', '' 60 Minutes'', and '' 48 H ...

run by Larry Kramer and with

Thom Calandra Thom Calandra (born June 8, 1956, in Brooklyn, New York) is an American journalist, stock investor, and the former editor-in-chief and chief commentator for ''CBS MarketWatch'' from 1996 to January 2004, until his investigation by the U.S. Securiti ...

editor-in-chief An editor-in-chief (EIC), also known as lead editor or chief editor, is a publication's editorial leader who has final responsibility for its operations and policies. The highest-ranking editor of a publication may also be titled editor, managing ...

. In 1999, the company hired David Callaway and in 2003, Callaway became

. In January 1999, during the

dot-com bubble The dot-com bubble (dot-com boom, tech bubble, or the Internet bubble) was a stock market bubble in the late 1990s, a period of massive growth in the use and adoption of the Internet. Between 1995 and its peak in March 2000, the Nasdaq Compo ...

, the company became a

public company A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets. A public (publicly traded) company can be listed on a stock exchange (l ...

via an

initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investment ...

. 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 Market capitalization, sometimes referred to as market cap, is the total value of a publicly traded company's outstanding common shares owned by stockholders. Market capitalization is equal to the market price per common share multiplied by t ...

of over $1 billion despite only $7 million in annual revenues. In June 2000, the company formed a joint venture with the ''

Financial Times The ''Financial Times'' (''FT'') is a British daily newspaper printed in broadsheet and published digitally that focuses on business and economic current affairs. Based in London, England, the paper is owned by a Japanese holding company, Nik ...

'' with

Peter Bale Bale at the Freedom of Expression Awards in April 2019 Peter Bale (born 15 September 1962) is a New Zealand-born journalist and editor. In August 2017 he was named the launch editor of ''WikiTribune'', a position he held only briefly. Bale previo ...

as managing editor. In January 2004, Calandra resigned amidst allegations of

insider trading Insider trading is the trading of a public company's stock or other securities (such as bonds or stock options) based on material, nonpublic information about the company. In various countries, some kinds of trading based on insider information ...

. In January 2005,

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

paywall A paywall is a method of restricting access to content, with a purchase or a paid subscription, especially news. Beginning in the mid-2010s, newspapers started implementing paywalls on their websites as a way to increase revenue after years of ...

ed subscription-based publication, in order to "raise the ambitions of our journalism". Mark DeCambre was named editor in chief on March 21, 2022.

References

External links

* {{Dow Jones 1999 initial public offerings 2005 mergers and acquisitions Dot-com bubble Dow Jones & Company Economics websites Internet properties established in 1997 Mass media companies of the United States

History

See also

References

External links