 | |
Type of site | Financial Information |
|---|---|
| Headquarters | New York City |
| Owner | Dow Jones & Company |
| Editor | Mark DeCambre[1] |
| URL | www |
| Launched | October 30, 1997; 27 years ago (1997-10-30) |
| Current status | Online |
MarketWatch is a website that provides financial information, business news, analysis, andstock market data. It is asubsidiary ofDow Jones & Company, a property ofNews Corp, along withThe Wall Street Journal andBarron's.
The company was conceived as DBC Online by Data Broadcasting Corporation in the fall of 1995.[2] The marketwatch.comdomain name was registered on July 30, 1997.[3] The website launched on October 30, 1997, as a 50/50 joint venture between DBC andCBS News, then run byLarry Kramer[2] and co-founder and chairman,Derek Reisfield.[4]Thom Calandra was its firsteditor-in-chief.[5]
In 1999, the company hiredDavid Callaway and in 2003, Callaway becameeditor-in-chief.[6] In January 1999, during thedot-com bubble, the company became apublic company via aninitial 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 amarket capitalization of over $1 billion despite only $7 million in annual revenues.[2] In June 2000, the company formed a joint venture with theFinancial Times[7] withPeter Bale as managing editor.[8]
In January 2004, Calandra resigned amidst allegations ofinsider trading.[5] In January 2005,Dow Jones & Company acquired the company for $528 million, or $18 per share.[9]
In May 2016,MarketWatch hired Dan Shar as general manager.[10] In October 2020, MarketWatch announced that it would become apaywalled subscription-based publication, in order to "raise the ambitions of our journalism".[11] Mark DeCambre was named editor in chief on March 21, 2022.[12]