TheStreet
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. 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. Dave Kansas joined as editor-in-chief in April 1997 and opened a San Francisco bureau while serving on the board.
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. Todd Campbell was appointed Deputy Managing Editor in April 2024 and later co-editor in chief with Daniel Kline in March 2025.
The company acquired Stockpickr.com in April 2007 and Corsis including Promotions.com for $20.7 million in August 2007. Management bought Corsis back for $3.1 million in December 2009 before executives faced penalties from the U.S. Securities and Exchange Commission. BankingMyWay and RateWatch were purchased in November 2007 alongside a 13% stake in Geezeo.com. The firm acquired The Deal LLC in September 2012 and sold it in February 2019. BoardEx was bought for $22.5 million in November 2014 and sold in December 2018.
Thomas J. Clarke Jr. served as chairman and CEO until Daryl Otte took over in May 2009. Elisabeth DeMarse became president and CEO on the 7th of March 2012 replacing Otte. David Callaway left USA Today to become CEO of TheStreet.com in June 2016. 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.
TheStreet entered an agreement with Haaretz in December 1999 to invest $2.25 million for a 25% stake in TheMarker. The investment was fully impaired following the burst of the dot-com bubble. A United Kingdom edition launched in February 2000 under the domain thestreet.co.uk. Funding was withdrawn after nine months and the UK edition closed in November 2000. Selected news articles were exchanged between TheStreet and TheMarker during the partnership period.
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. This financial aid arrived while the broader economy faced significant uncertainty due to global health restrictions.
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Common questions
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.
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.