{{Short description|US financial news and financial literacy website}} {{Primary sources|date=February 2025}} {{Use mdy dates|date=February 2023}} {{Infobox website | name = TheStreet, Inc. | logo = 200px|TheStreet.com | company_type = Subsidiary | foundation = {{start date and age|1996}} | location = New York City, U.S. | founder = Jim Cramer<br>Marty Peretz | key_people = {{ubl|Daniel Kline (Co-Editor in Chief)|Todd Campbell (Co-Editor in Chief)}} | industry = Publishing | products = Financial literacy website | parent = The Arena Group | homepage = {{URL|https://www.thestreet.com/}} }} '''''TheStreet''''' is a financial news and financial literacy website. It is a subsidiary of The Arena Group. The company provides both free content and subscription services such as TheStreet Pro,<ref>{{cite web |title=Welcome to TheStreet Pro |url=https://pro.thestreet.com/ |website=TheStreet Pro |publisher=TheStreet}}</ref><ref>{{cite web |title=TheStreet Pro |url=https://subscriptions.thestreet.com/get-thestreet-pro |publisher=TheStreet.com}}</ref> a stock recommendation portfolio managed by Chris Versace.<ref>{{Cite web|url=https://www.thestreet.com/jim-cramer/live-video-oil-halliburton-and-earnings-14933086|title=What Investors Need to Know About Oil, Halliburton and Earnings|first=Daniel|last=Kuhn|website=TheStreet|date=April 22, 2019 }}</ref> ''TheStreet'' was founded by Marty Peretz and Jim Cramer, and the site boasted numerous notable former contributors, including Aaron Task, Herb Greenberg, and Brett Arends.<ref>{{Cite web|url=https://realmoney.thestreet.com/authors|title=RealMoney|website=realmoney.thestreet.com|date=July 14, 2023 }}</ref>
==History== ===20th century=== TheStreet, Inc., formerly TheStreet.com, Inc., was co-founded in 1996 by Jim Cramer and Marty Peretz. It became a public company via an initial public offering in May 1999, under the direction of former CEO Kevin English and former CFO Paul Kothari.<ref>{{cite news | url=https://www.investors.com/news/technology/click/yahoo-cisco-verisign-microstrategy-below-their-dot-com-heyday/ | title=10 relics of the dot-com era trading well below their old highs | first=PATRICK | last=SEITZ | work=Investor's Business Daily | date=March 9, 2015}}</ref><ref>{{cite news | url=https://www.wsj.com/articles/SB954789658497182146 | title=TheStreet.com Stock Swoons As Financial Chief Departs | first=Jennifer L. | last=Rewick | work=The Wall Street Journal | date=April 3, 2000 | url-access=subscription}}</ref><ref>{{cite news | last=Gamerman | first=Ellen | url=https://www.baltimoresun.com/news/bs-xpm-2000-07-21-0007210044-story.html | title=Wall Street bullish on nation's future | work=The Baltimore Sun | date=July 21, 2000 | url-access=subscription}}</ref>
Dave Kansas became editor-in-chief in April 1997. Kansas also opened a San Francisco bureau and was a member of the board of directors.<ref>{{cite web | url=https://www.thestreet.com/tsc/tscbook/kansasexcerpt.html | title=TheStreet.com Guide to Smart Investing | website=TheStreet.com}}</ref>
In 1999, at the peak of the dot-com bubble, the market capitalization of the company was $1.7 billion.<ref>{{cite news |last=Hammond |first=Ed |date=December 4, 2014 |title=Activist urges Cramer to sell TheStreet |url=https://www.ft.com/content/99f24d20-7b40-11e4-87d4-00144feabdc0 |url-access=subscription |url-status=bot: unknown |archive-url=https://web.archive.org/web/20200102183911/https://www.ft.com/content/99f24d20-7b40-11e4-87d4-00144feabdc0 |archive-date=January 2, 2020 |access-date=October 12, 2019 |work=Financial Times}}</ref> 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.
===21st century=== In July 2001, David J. Morrow, a former reporter for ''The 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'') and Bloomberg News, replaced Morrow in August 2009.<ref name=quits/> William Inman, former Bloomberg News Editor, replaced Glenn Hall as editor-in-chief in March 2012.<ref>{{cite press release | url=http://investor-relations.thestreet.com/news-releases/news-release-details/william-inman-named-editor-chief-thestreet | title=William Inman Named Editor-in-Chief of TheStreet | publisher=GlobeNewswire | date=March 14, 2012}}</ref> Janet Guyon, from ''Fortune,'' ''The Wall Street Journal'', Bloomberg, and Investopedia replaced William Inman in April 2014.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/janet-lynne-guyon-appointed-as-editor-in-chief-of-thestreetcom-256558071.html | title=Janet Lynne Guyon Appointed as Editor in Chief of TheStreet.com | publisher=PR Newswire | date=April 24, 2014}}</ref>
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.<ref>{{cite news | url=https://www.thestreet.com/story/10444933/1/thestreetcom-posts-loss-names-jim-cramer-board-chairman.html | title=TheStreet.com Posts Loss, Names Jim Cramer Board Chairman | work=TheStreet.com | date=October 29, 2008}}</ref>
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, a venture capital investment fund management firm, and a former executive at media company Ziff Davis.<ref name=quits>{{cite news | url=https://www.crainsnewyork.com/article/20090313/FREE/903139975/street-com-ceo-quits-after-cramer-s-tv-flameout | title=Street.com CEO quits after Cramer's TV flameout | first=Hilary | last=Potkewitz | work=Crain Communications | date=March 13, 2009}}</ref><ref>{{cite press release | url=http://pressroom.thestreet.com/news-releases/news-release-details/thestreetcom-appoints-daryl-otte-new-chief-executive-officer | title=TheStreet.com Appoints Daryl Otte New Chief Executive Officer | publisher=Business Wire | date=May 19, 2009}}</ref><ref>{{cite news | url=https://www.thestreet.com/story/10503217/1/thestreetcom-names-daryl-otte-ceo.html | title=TheStreet.com Names Daryl Otte CEO | work=TheStreet.com | date=May 19, 2009}}</ref> On March 7, 2012, Elisabeth DeMarse was hired as CEO and president, replacing outgoing CEO Daryl Otte.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/elisabeth-demarse-named-ceo-and-president-of-thestreet-141800923.html | title=Elisabeth DeMarse Named CEO and President of TheStreet | publisher=PR Newswire | date=March 7, 2012}}</ref><ref>{{cite news | last=Baron | first=Michael | url=https://www.thestreet.com/story/11447556/1/thestreet-hires-elisabeth-demarse-as-ceo.html | title=TheStreet Hires Elisabeth DeMarse as CEO | work=TheStreet.com | date=March 7, 2012}}</ref>
In April 2007, the company acquired Stockpickr.com.<ref>{{cite press release | url=http://investor-relations.thestreet.com/news-releases/news-release-details/thestreetcom-acquires-stockpickrcom/ | title=TheStreet.com Acquires Stockpickr.com | publisher=Business Wire | date=April 25, 2007}}</ref>
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 the U.S. Securities and Exchange Commission.<ref>{{cite press release | url=http://pressroom.thestreet.com/news-releases/news-release-details/thestreetcom-acquires-corsis-including-promotionscom/ | title=TheStreet.com Acquires Corsis, Including Promotions.com | publisher=Business Wire | date=August 2, 2007}}</ref><ref>{{cite news | url=https://www.courthousenews.com/thestreet-deals-with-sec-on-accounting-fraud/ | title=TheStreet Deals With SEC on Accounting Fraud | first=Erin | last=McAuley | work=Courthouse News Service | date=December 19, 2012}}</ref>
In November 2007, the company acquired BankingMyWay and RateWatch.<ref>{{cite press release | url=http://investor-relations.thestreet.com/news-releases/news-release-details/thestreetcom-acquires-bankingmyway-and-ratewatch-provide-best/ | title=TheStreet.com Acquires BankingMyWay and RateWatch to Provide Best Bank Rates Online | publisher=Business Wire | date=November 2, 2007}}</ref> 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.<ref>{{cite news | url=https://www.thestreet.com/story/10413495/1/thestreetcom-invests-in-geezeo.html |title=TheStreet.com Invests in Geezeo | work=TheStreet.com | date=April 24, 2008}}</ref>
In September 2012, the company acquired The Deal LLC, a media company that covers mergers and acquisitions.<ref>{{cite news |last=Saba |first=Jennifer |date=September 12, 2012 |title=TheStreet buys mergers and acquisitions publication The Deal |url=https://www.reuters.com/article/us-thestreet-thedeal/thestreet-buys-mergers-and-acquisitions-publication-the-deal-idINBRE88B11A20120912 |access-date=15 February 2023 |website=Reuters}}</ref><ref>{{cite news | url=https://www.thestreet.com/story/11697253/1/thestreet-acquires-the-deal-terms-undisclosed.html | first=Michael | last=Baron | title=TheStreet Acquires The Deal for $5.8 Million | work=Thestreet.com | date=September 12, 2012}}</ref> The site was sold in February 2019.<ref name="auto">{{cite press release | url=https://www.prnewswire.com/news-releases/thestreet-inc-completes-sale-of-its-institutional-business-300795660.html | title=TheStreet, Inc. Completes Sale of its Institutional Business | publisher=PR Newswire | date=February 14, 2019}}</ref> In April 2013, TheStreet Inc. acquired financial newsletters ''The DealFlow Report'', which covers microcap stocks, including initial public offerings and private placements, and ''The Life Settlements Report'', which focuses on life insurance settlements, as well as the PrivateRaise database.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/thestreet-acquires-the-dealflow-report-the-life-settlements-report-and-privateraise-database-204078431.html | title=TheStreet Acquires The DealFlow Report, The Life Settlements Report and PrivateRaise Database | publisher=PR Newswire | date=April 22, 2013}}</ref><ref>{{cite news | url=https://www.thestreet.com/story/11901938/1/thestreet-acquires-dealflow-media.html | title=TheStreet Acquires DealFlow Media | work=TheStreet.com | date=April 22, 2013}}</ref>
In November 2014, the company acquired BoardEx for $22.5 million.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/thestreet-completes-acquisition-of-boardex-281284841.html | title=TheStreet Completes Acquisition of BoardEx | publisher=PR Newswire | date=November 3, 2014}}</ref> BoardEx was sold in December 2018.<ref>{{cite news|title=TheStreet sells B2B business units to Euromoney for $87.3 million|url=https://www.reuters.com/article/us-thestreet-divestiture-euromoney-instn/thestreet-sells-b2b-business-units-to-euromoney-for-87-3-million-idUSKBN1O50SF |website=Reuters |date=December 6, 2018 |access-date=15 February 2023}}</ref>
In June 2016, David Callaway left ''USA Today'' to become CEO of TheStreet.com.<ref>{{cite news | url=https://www.usatoday.com/story/money/2016/06/09/usa-today-editor-callaway-leaving-become-thestreet-ceo/85639878/ | title=USA TODAY editor Callaway leaving to become TheStreet CEO | first=Roger | last=Yu | work=USA Today | date=June 9, 2016}}</ref>
In June 2018, the company sold Rate Watch to S&P Global for $33.5 million.<ref>{{cite press release | url=https://www.prnewswire.com/news-releases/sp-global-to-acquire-ratewatch-300669397.html | title=S&P Global to Acquire RateWatch | publisher=PR Newswire | date=June 20, 2018}}</ref><ref>{{cite press release | url=http://investor-relations.thestreet.com/news-releases/news-release-details/thestreet-announces-sale-ratewatch-sp-global-335-million-0 | title=TheStreet Announces Sale of RateWatch to S&P Global for $33.5 million | publisher=PR Newswire | date=June 20, 2018}}</ref>
In February 2019, the company sold The Deal and BoardX for $87 million. David Callaway left as CEO and was replaced by Eric Lundberg.<ref>{{cite news | url=https://www.thestreet.com/investing/thestreet-inc-closes-sale-of-thedeal-and-board-ex-14867083 | title=TheStreet Closes $87 Million Sale of TheDeal and BoardEx | work=TheStreet.com | date=February 14, 2019}}</ref><ref name="auto"/>
In August 2019, the Maven acquired the company for $16.5 million.<ref>{{cite press release | url=https://www.businesswire.com/news/home/20190808005215/en/Maven-Closes-Acquisition-TheStreet-New-Jim-Cramer | title=Maven Closes Acquisition of TheStreet, New Jim Cramer Deal Announced | publisher=Business Wire | date=August 8, 2019}}</ref> The company also partnered with ''Sports Illustrated'' Fantasy to launch Bull Market Fantasy with Jim Cramer, a channel offering insights, analysis and tips for winning fantasy sports leagues.<ref>{{cite press release | url=https://www.businesswire.com/news/home/20190822005203/en/Jim-Cramer-TheStreet-Launch-Bull-Market-Fantasy | title=Jim Cramer and TheStreet Launch Bull Market Fantasy Channel on Maven | publisher=Business Wire | date=August 22, 2019}}</ref>
During the 2020 COVID-19 pandemic in the United States, ''TheStreet'' received between $5 million and $10 million in federally backed small business loans from JPMorgan Chase Bank as part of the Paycheck Protection Program. The company stated the loans would allow it to retain 15 jobs.<ref name="proj_THES">{{Cite web |title=THESTREET, INC - Coronavirus Bailouts - ProPublica |last1=Syed |first1=Moiz |last2=Willis |first2=Derek |work=ProPublica |date=7 July 2020 |access-date=10 July 2020 |url= https://projects.propublica.org/coronavirus/bailouts/loans/thestreet-inc-f464282eef8db996e5a25333b82a480d}}</ref><ref name="wash_Owne">{{Cite news |title=Owner of TheStreet, Site Founded by Jim Cramer, Taps Small-Business Loans |author=Matt Townsend |newspaper=Washington Post |date=7 July 2020 |access-date=10 July 2020 |url= https://www.washingtonpost.com/business/on-small-business/owner-of-thestreet-site-founded-by-jim-cramer-taps-small-business-loans/2020/07/06/c1a16f2e-bfee-11ea-8908-68a2b9eae9e0_story.html}}</ref>
In 2021, theMaven rebranded itself as The Arena Group.<ref>{{Cite web |title=Maven Rebrands as The Arena Group, Expanding Business Strategy Around Consumer Media Verticals Anchored by Flagship Brands|work=BusinessWire |date=20 September 2021 |access-date=17 December 2021 |url= https://www.businesswire.com/news/home/20210920005835/en/Maven-Rebrands-as-The-Arena-Group-Expanding-Business-Strategy-Around-Consumer-Media-Verticals-Anchored-by-Flagship-Brands}}</ref>
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.<ref>{{Cite web |last=Staff |first=TheStreet |date=2025-07-20 |title=TheStreet authors |url=https://www.thestreet.com/authors |access-date=2025-07-20 |website=TheStreet |language=en-us}}</ref>
==International activities== In December 1999, TheStreet entered an agreement with the Israeli newspaper publisher ''Haaretz'', to invest $2.25 million in exchange for a 25% stake in ''TheMarker'', a new business news website in Hebrew and English. According to the investment agreement, TheStreet.com published selected news and articles on Israeli technology companies from the ''TheMarker'' site, and in exchange, ''TheMarker'' published selected news and articles from TheStreet.com.<ref>{{Cite web |url=https://sec.report/Document/0000912057-00-015191/ |title=Form 10-K Thestreet, Inc. 10-K - Annual report - Period Ending In: 1999-12-31 |access-date=December 16, 2021 |archive-date=December 16, 2021 |archive-url=https://web.archive.org/web/20211216120519/https://sec.report/Document/0000912057-00-015191/ |url-status=dead }}</ref> Following the burst of the dot-com bubble, the investment in ''TheMarker'' was fully impaired.<ref>{{Cite web |url=https://sec.report/Document/0000912057-02-013120/ |title=Form 10-K Thestreet, Inc. 10-K - Annual report - Period Ending In: 2001-12-31 |access-date=December 16, 2021 |archive-date=December 16, 2021 |archive-url=https://web.archive.org/web/20211216120519/https://sec.report/Document/0000912057-02-013120/ |url-status=dead }}</ref>
In February 2000, TheStreet launched a United Kingdom edition, thestreet.co.uk;.<ref>{{Cite web|url=https://www.campaignlive.co.uk/article/thestreetcouk-launches-major-dotcom-campaign/44225|title=TheStreet.co.uk launches with major dotcom campaign|date=2000-02-15|website=Campaign}}</ref> It withdrew funding after nine months and the UK edition closed in November 2000.<ref>{{Cite web|url=https://www.zdnet.com/article/thestreet-co-uk-shuts-its-doors-5000112063/|title=TheStreet.co.uk shuts its doors|date=2000-11-17|website=ZDnet|last=Matthew|first=Broersma}}</ref>
==References== {{Reflist|2}}
==External links== * {{official website}} {{Finance links historical | name = TheStreet, Inc. | sec_cik = 1080056 }} {{Authority control}}
{{DEFAULTSORT:Street.com}} Category:1996 establishments in New York (state) Category:1999 initial public offerings Category:2019 mergers and acquisitions Category:American financial news websites Category:Companies formerly listed on the Nasdaq Category:Dot-com bubble Category:Finance websites Category:Internet properties established in 1996 Category:Online mass media companies of the United States