- TheStreet.com
TheStreet.com NASDAQ|TSCM is a financial company and
website started in1996 byJim Cramer and registered on theNASDAQ Stock Market. Its headquarters is at14 Wall Street inNew York City .Under the direction of Thomas J. Clarke, Jr., TheStreet.com's present chairman and CEO, the company reported its first annual profit in 2005. TheStreet.com began originally as one web site, but has since expanded to include fourteen consumer services, many offered only through subscription. TheStreet.com recently purchased a 13 percent stake in Geezeo.com, the Boston-based online management tool, with an option to purchase the company. [ [http://www.centernetworks.com/geezeo-investment-thestreet/ "Geezeo Takes Investment From TheStreet.com With Option To Buy"] April 24, 2008.]
TheStreet.com arguably is still best known for its free, flagship site, and the direct, in-your-face tone of some of its reporters and contributors. Its most popular features include: "Top 10 Stocks; You Ask, Cramer Answers; Jim Cramer's Portfolios of the Week; The Five Dumbest Things on Wall Street This Week; Wednesday's Analysts' Upgrades and Downgrades," and "Readers' Picks: The Street.com's Top 10".
Dave Kansas helped build the news organization from its infancy in September 1996 and became editor-in-chief in April 1997. Kansas also opened a San Francisco bureau and also sat on the board of TheStreet.com. [ [http://www.thestreet.com/tsc/tscbook/kansasexcerpt.html "TheStreet.com Guide to Smart Investing"] ] In July 2001,David J. Morrow , a former New York Times reporter, joined TheStreet.com as its editor-in-chief upon Kansas's departure. Board member Cramer remains one of the company's commentators and has been joined by a host of other notables, including former Major League Baseball starLenny Dykstra andWorld Wrestling Entertainment (WWE) commentatorJohn Layfield .To increase video traffic, the site has added video automation, an opt-out rather than opt-in service, which some claim has annoyed influential advertising buyers and decreased the user experience. [ [http://www.mediaweek.com/mw/content_display/news/digital-downloads/broadband/e3ia34ad20fd7d7e680d9a30ec17368e011 "Financial News Sites Bank on Video"] May 12, 2008.]
Many investors worry about the over-dependence of TheStreet.com on Jim Cramer, according to investing columnist
Henry Blodget . [ [http://www.alleyinsider.com/2007/09/for-sale-thestr.html "For Sale: TheStreet.com"] September 11, 2007.] Cramer promotes TheStreet.com on his TV showMad Money and is one of the main contributors to TheStreet.com's paid subscription and free content.On June 12, 2008, the Arizona Reporter Newswire alleged that TheStreet.com may have conflicts of interest relating to their subsidiary Promotions.com. [ [http://www.azreporter.com/news/index.php?itemid=459 "Jim Cramer... Inside Rumors?"] June 12, 2008.]
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