Who founded TheStreet and when was it launched?
Jim Cramer and Marty Peretz launched TheStreet in 1996 as a financial news website. The company went public in May 1999 under the leadership of CEO Kevin English and CFO Paul Kothari.
Questions about TheStreet
Short answers, pulled from the story.
What happened to TheStreet stock price on its first day of trading in May 1999?
On that first day of trading, stock prices jumped from $19 to $73 before settling at $59 per share. By the height of the dot-com bubble, the firm reached a market capitalization of $1.7 billion.
Which editors led TheStreet between July 2001 and April 2014?
David J. Morrow took over as editor-in-chief in July 2001 after Dave Kansas departed. Glenn Hall replaced Morrow in August 2009 following his tenure as a former news manager at Freedom Communications. William Inman became editor-in-chief in March 2012 after working as an editor for Bloomberg News. Janet Guyon assumed the role in April 2014 having previously worked for Fortune and The Wall Street Journal.
How much did Maven pay to acquire TheStreet in August 2019?
Maven acquired the company for $16.5 million in August 2019. Eric Lundberg replaced Callaway as CEO after the sale of The Deal and BoardX for $87 million in February 2019. The Maven rebranded itself as The Arena Group in 2021.
What financial aid did TheStreet receive during the 2020 COVID-19 pandemic from JPMorgan Chase Bank?
TheStreet received between $5 million and $10 million in federally backed small business loans from JPMorgan Chase Bank during the 2020 COVID-19 pandemic. These funds came through the Paycheck Protection Program to help retain staff. The company stated the loans would allow it to keep 15 jobs on payroll.