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TheStreet history
TheStreet company history timeline
TheStreet, Inc., (formerly, TheStreet.com, Inc.) was co-founded in 1996 by Jim Cramer and Marty Peretz.
Despite continued growth, the firm lost $16.3 million in 1998.
It became a public company via an initial public offering in May 1999 under the direction of former CEO Kevin English and former CFO Paul Kothari.
The young company began gearing up for its initial public offering (IPO) in 1999.
Plunge in price of TheStreet.com stock from $60 per share in 1999 to its current $2.50 has severely impacted the personal wealth of its editor, Dave Kansas, owner of 151,515 shares; photo (M)
In 1999, at the peak of the dot-com bubble, the market capitalization of the company was $1.7 billion.
The online personal finance arm of Microsoft Corp., MSN MoneyCentral, agreed to license content to TheStreet.com in February of 2000.
Sales grew 63 percent in 2000 to reach $23 million.
DIARY: INVESTINGDIARY: INVESTING; Either Mum's the Word Or the Word Is Morganeither mum's the word ofBy Patrick McGeehanJune 22, 2003
Under the direction of former chairman and CEO Thomas J. Clarke Jr., the company reported its first annual profit in 2005.
TheStreet.com Cancels an Investing ContestTheStreet.com said it would cancel the first round of its “Beat the Street” competition because some players used trading strategies that compromised the integrity of the system.By Louise StoryJune 12, 2007
In August 2007, the company acquired Corsis, including Promotions.com for $20.7 million.
In 2008, the company acquired a 13% stake in Geezeo.com, a Boston-based online management tool, with an option to purchase the entire company.
Daryl Otte, a long-time company director, became CEO in May 2009 after the resignation of the former CEO, Thomas Clarke.
Executives of the company were later accused of inflating revenues and paid penalties to the United States Securities and Exchange Commission. It was sold to management for $3.1 million in December 2009.
DealBookWas Dykstra Cramer’s Worst Pick of All?When Jim Cramer deemed Lenny Dykstra, the former baseball centerfielder with the New York Mets, an investing authority, did he make his worst call yet?By DealbookJune 29, 2010
William Inman, former Bloomberg News Editor, replaced Glenn Hall as Editor-in-Chief in March 2012.
On March 7, 2012, Elisabeth DeMarse was hired as CEO and president, replacing outgoing CEO Daryl Otte.
In September 2012, the company acquired The Deal LLC, a media company that covers mergers and acquisitions.
In April 2013, TheStreet Inc. acquired financial newsletters The DealFlow Report, which covers microcap stocks, including initial public offerings and private placements, and The Life Settlements Report, which focuses on life insurance settlements, as well as the PrivateRaise database.
Janet Guyon, from Fortune, The Wall Street Journal, Bloomberg and Investopedia replaced William Inman in April 2014.
In November 2014, the company acquired BoardEx for $22.5 million.
In June 2016, David Callaway left USA Today to become CEO of TheStreet.com.
In June 2018, the company sold Rate Watch to S&P Global for $33.5 million.
During the 2020 COVID-19 pandemic, TheStreet received between $5 million and $10 million in federally backed small business loans from JPMorgan Chase Bank as part of the Paycheck Protection Program.
"Thestreet.Com Inc ." Gale Encyclopedia of E-Commerce. . Retrieved June 21, 2022 from Encyclopedia.com: https://www.encyclopedia.com/economics/encyclopedias-almanacs-transcripts-and-maps/thestreetcom-inc
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TheStreet competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| The Motley Fool | 1993 | $26.6M | 726 | 3 |
| Bloomberg | 1981 | $10.0B | 20,000 | 716 |
| Morgan Stanley | 1935 | $3.0B | 68,097 | 1,241 |
| Business Insider | 2007 | $290.0M | 9,615 | 12 |
| Investopedia | 1999 | $21.0M | 140 | - |
| MarketWatch | 1997 | $10.5M | 246 | - |
| Daily Mail | 1896 | $186.3M | 350 | - |
| Liquid Church | - | $6.6M | 97 | 12 |
| Crunchbase | 2007 | $9.3M | 238 | - |
| Ebony Media | - | $5.0M | 20 | 7 |
TheStreet history FAQs
Zippia gives an in-depth look into the details of TheStreet, including salaries, political affiliations, employee data, and more, in order to inform job seekers about TheStreet. The employee data is based on information from people who have self-reported their past or current employments at TheStreet. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by TheStreet. The data presented on this page does not represent the view of TheStreet and its employees or that of Zippia.
TheStreet may also be known as or be related to THESTREET INC., THESTREET, INC., TheStreet, TheStreet Inc, TheStreet, Inc. and Thestreet.com.