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| Type of business | Subsidiary |
|---|---|
| Founded | 1996; 29 years ago (1996) |
| Headquarters | New York City, U.S. |
| Founder(s) | Jim Cramer Marty Peretz |
| Key people |
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| Industry | Publishing |
| Products | Financial literacywebsite |
| Parent | The Arena Group |
| URL | www |
TheStreet is a financial news andfinancial literacy website. It is a subsidiary of The Arena Group. The company provides both free content andsubscription services such as TheStreet Pro,[1][2] a stock recommendation portfolio managed by Chris Versace.[3]TheStreet was founded byMarty Peretz andJim Cramer, and the site boasted numerous notable former contributors, includingAaron Task,Herb Greenberg, andBrett Arends.[4]
TheStreet, Inc., formerly TheStreet.com, Inc., was co-founded in 1996 byJim Cramer andMarty Peretz. It became apublic company via aninitial public offering in May 1999, under the direction of former CEO Kevin English and former CFO Paul Kothari.[5][6][7]
Dave Kansas became editor-in-chief in April 1997. Kansas also opened a San Francisco bureau and was a member of theboard of directors.[8]
In 1999, at the peak of thedot-com bubble, themarket capitalization of the company was $1.7 billion.[9] Indeed, on May 5, 1999, the day of its IPO, the stock went from $19 a share to as high as $73 a share. The stock settled at $59 on its first day of trading.
In July 2001,David J. Morrow, a former reporter forThe New York Times, joined TheStreet, Inc. as its editor-in-chief upon Kansas's departure. Glenn Hall, a former news manager at Freedom Communications (The Orange County Register) andBloomberg News, replaced Morrow in August 2009.[10] William Inman, former Bloomberg News Editor, replaced Glenn Hall as editor-in-chief in March 2012.[11] Janet Guyon, fromFortune,The Wall Street Journal, Bloomberg, and Investopedia replaced William Inman in April 2014.[12]
Under the direction of former chairman and CEO Thomas J. Clarke Jr., the company reported its first annual profit in 2005. Jim Cramer became chairman in October 2008 and served until 2011.[13]
Daryl Otte, a long-time company director, became CEO in May 2009 after the resignation of the former CEO, Thomas Clarke. Otte is the founding partner of Montefiore Partners, aventure capital investment fund management firm, and a former executive at media companyZiff Davis.[10][14][15] On March 7, 2012,Elisabeth DeMarse was hired as CEO and president, replacing outgoing CEO Daryl Otte.[16][17]
In April 2007, the company acquiredStockpickr.com.[18]
In August 2007, the company acquired Corsis, including Promotions.com, for $20.7 million. It was sold to management for $3.1 million in December 2009. Executives of the company were later accused of inflating revenues and paid penalties to theU.S. Securities and Exchange Commission.[19][20]
In November 2007, the company acquired BankingMyWay and RateWatch.[21] 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.[22]
In September 2012, the company acquired The Deal LLC, a media company that covers mergers and acquisitions.[23][24] The site was sold in February 2019.[25] In April 2013, TheStreet Inc. acquired financial newslettersThe DealFlow Report, which coversmicrocap stocks, includinginitial public offerings andprivate placements, andThe Life Settlements Report, which focuses onlife insurance settlements, as well as the PrivateRaise database.[26][27]
In November 2014, the company acquiredBoardEx for $22.5 million.[28]BoardEx was sold in December 2018.[29]
In June 2016,David Callaway leftUSA Today to become CEO of TheStreet.com.[30]
In June 2018, the company sold Rate Watch toS&P Global for $33.5 million.[31][32]
In February 2019, the company sold The Deal and BoardX for $87 million.David Callaway left as CEO and was replaced by Eric Lundberg.[33][25]
In August 2019, the Maven acquired the company for $16.5 million.[34] The company also partnered withSports Illustrated Fantasy to launch Bull Market Fantasy with Jim Cramer, a channel offering insights, analysis and tips for winningfantasy sports leagues.[35]
During the 2020COVID-19 pandemic in the United States,TheStreet received between $5 million and $10 million in federally backed small business loans fromJPMorgan Chase Bank as part of thePaycheck Protection Program. The company stated the loans would allow it to retain 15 jobs.[36][37]
In 2021, theMaven rebranded itself as The Arena Group.[38]
In April 2024, Todd Campbell was appointed Deputy Managing Editor of TheStreet.
In March 2025, Todd Campbell and Daniel Kline were appointed co-Editor in Chief.[39]
In December 1999, TheStreet entered an agreement with theIsraeli newspaper publisherHaaretz, to invest $2.25 million in exchange for a 25% stake inTheMarker, a new business news website inHebrew andEnglish. According to the investment agreement, TheStreet.com published selected news and articles on Israeli technology companies from theTheMarker site, and in exchange,TheMarker published selected news and articles from TheStreet.com.[40] Following the burst of thedot-com bubble, the investment inTheMarker was fully impaired.[41]
In February 2000, TheStreet launched a United Kingdom edition, thestreet.co.uk;.[42] It withdrew funding after nine months and the UK edition closed in November 2000.[43]
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