{{Short description|American investigative reporting website}} {{Infobox website | name = Sharesleuth | url = [http://www.sharesleuth.com sharesleuth.com] | language = English | launch_date = 2006<ref name="Wired" /> | current_status = Active }} '''Sharesleuth''' is an investigative reporting website, created to investigate and report on instances of alleged securities fraud and corporate malfeasance.<ref name="AJR-Junket" /><ref name="Esquire" /> It was founded in July 2006 by American businessman Mark Cuban and business reporter Chris Carey, formerly of the ''St. Louis Post-Dispatch''.<ref name="Wired" />

== History == In early 2006, Carey approached Cuban with the idea of launching an investigative organization focusing on corporate fraud.<ref name="Wired" /> Cuban was receptive to the idea, and offered to finance the venture.<ref name="Wired" /> Within its first year, Sharesleuth articles on the publicly traded companies Xethanol and UTEK were followed by drops of over 35% in the stock price of each company.<ref name="Wired" /> Sharesleuth has since reported on many other companies, including Kandi Technologies<ref name="Forbes" /> and Highland Mint, a firm that manufactured the coins used in the Super Bowl pre-game coin toss.<ref name="HighlandMint" />

As a means of funding the site, Cuban typically shorts the stocks of the article subjects prior to publication,<ref name="NYer" /> a practice which has drawn controversy.<ref name="Atlantic" /><ref name="Salmon" /><ref name="Wired" /> He has stated that the site has published articles on "literally anything that I have shorted".<ref name="CNBC" />

== Related sites == In October 2008, Cuban and Carey started a companion website, '''BailoutSleuth''', for the purpose of tracking Troubled Asset Relief Program funds and bank activity in the wake of the 2008 financial crisis and resulting bank bailouts.<ref name="AJR-Junket" /> Pulitzer Prize-winning journalists Gary Cohn of ''The Baltimore Sun'' and Russell Carollo of the ''Dayton Daily News'' were hired in 2009–2010, the latter to handle Freedom of Information Act requests.<ref name="AJR-Junket" /> Unlike the for-profit Sharesleuth, BailoutSleuth was conceived as a nonprofit service.<ref name="AJR-Junket" /> The site is no longer online. In mid-2010 Cuban and Carey created another nonprofit website, '''JunketSleuth.com''', to provide access to government travel spending records.<ref name="AJR-Junket" /><ref name="AnnArborNews" /> As with Sharesleuth, Cuban provided the funding and Carey served as the investigative reporter.<ref name="AnnArborNews" /> The site has since closed.

== References == <references>

<ref name="Wired">{{cite web|url=https://www.wired.com/2007/09/mf-sharesleuth/ |title=Owner Mark Cuban Trades Stocks on Sharesleuth's Findings Before They're Published |first=Patricia B. |last=Gray |work=Wired |date=September 25, 2007|accessdate=November 20, 2018}}</ref> <ref name="Esquire">{{cite web|url=https://www.esquire.com/sports/interviews/a152/esq1206bbcuban-182-1/ |title=Mark Cuban: What I've Learned |first=Mike |last=Sager |work=Esquire |date=November 17, 2008 |accessdate=November 21, 2018}}</ref> <ref name="Forbes">{{cite web|url=https://www.forbes.com/sites/tomkonrad/2013/05/31/kandi-technologies-weighing-the-evidence/ |title=Kandi Technologies: Weighing The Evidence |first=Tom |last=Konrad |work=Forbes |date=May 31, 2013 |accessdate=November 20, 2018}}</ref> <ref name="HighlandMint">{{cite web|url=https://www.bloomberg.com/features/2016-super-bowl-coin-toss/ |title=The Super Bowl Coin Toss Has a Dark Secret |first=Caleb |last=Hannan |work=Bloomberg News |date=February 2, 2016 |accessdate=November 21, 2018}}</ref> <ref name="CNBC">{{cite web|url=https://www.cnbc.com/2018/08/13/cnbc-transcript-mark-cuban-speaks-with-cnbcs-scott-wapner-today.html |title=CNBC Transcript: Mark Cuban Speaks with CNBC’S Scott Wapner Today |work=CNBC |date=August 13, 2018 | accessdate=November 20, 2018}}</ref> <ref name="Atlantic">{{cite web|url=https://www.theatlantic.com/magazine/archive/2014/05/start-the-presses/359810/ |title=A New Golden Age for Media? |first=Justin |last=Fox |work=The Atlantic |date=May 2014 | accessdate=November 20, 2018}}</ref> <ref name="NYer">{{cite web|url=https://www.newyorker.com/business/currency/what-has-become-of-business-journalism |title=What Has Become of Business Journalism? |first=Hamza |last=Shaban |work=The New Yorker |date=February 5, 2014|accessdate=November 21, 2018}}</ref> <ref name="Salmon">{{cite web|url=http://blogs.reuters.com/felix-salmon/2012/04/25/when-is-a-scoop-non-public-information/ |archive-url=https://web.archive.org/web/20120427004914/http://blogs.reuters.com/felix-salmon/2012/04/25/when-is-a-scoop-non-public-information/ |url-status=dead |archive-date=April 27, 2012 |title=When is a scoop non-public information? |first=Felix |last=Salmon |authorlink=Felix Salmon |work=Reuters |date=April 25, 2012| accessdate=November 20, 2018}}</ref> <ref name="AnnArborNews">{{cite web|url=http://www.annarbor.com/business-review/ann-arbor-journalists-launches-government-travel-tracking-website-funded-by-mark-cuban/ |title=Ann Arbor journalist launches government travel tracking website funded by Mark Cuban |first=Nathan |last=Bomey |work=The Ann Arbor News |date=October 23, 2011 |accessdate=November 20, 2018}}</ref> <ref name="AJR-Junket">{{cite news|url=http://ajrarchive.org/article.asp?id=4889 |title=Tracking the Junkets |first=Abby |last=Brownback |work=American Journalism Review |date=2010 |issue=June/July 2010 |accessdate=November 20, 2018}}</ref>

</references>

== Further reading == *{{cite web|url=https://www.wsj.com/articles/whistleblowers-find-sec-rewards-slow-and-scarce-1432594234 |title=Whistleblowers Find SEC Rewards Slow and Scarce |first1=Jean |last1=Eaglesham |first2=Rachel Louise |last2=Ensign |work=The Wall Street Journal |date=May 25, 2015 | accessdate=November 20, 2018}}

== External links == *{{Official|http://sharesleuth.com }}

Category:American financial news websites Category:2006 establishments in British Columbia