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, ...

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'', 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 ...

of Dow Jones & Company, a property of News Corp.

History

The company was conceived as DBC Online by Data Broadcasting Corp. 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 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 '' 4 ...

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. Secur ...

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 David J. E. Callaway is a biological nanophysicist in the New York University School of Medicine, where he is Professor and Laboratory Director. He was trained as a theoretical physicist by Richard Feynman, Kip Thorne, and Cosmas Zachos, and w ...

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 Comp ...

, 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 ( ...

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 investme ...

. 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 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. 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.

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