TheStreet.com NASDAQ|TSCM is a financial company and
websitestarted in 1996by Jim Cramerand registered on the NASDAQStock Market. Its headquarters is at 14 Wall Streetin New 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 Kansashelped 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 star Lenny Dykstraand World Wrestling Entertainment(WWE) commentator John 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 show Mad Moneyand 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.]
TheStreet's early years were marred by its association with
Ravi Desai, TheStreet's first editor-in-chief.cite book | first=Jim | last=Cramer|authorlink=Jim Cramer| title=Confessions of a Street Addict |url=http://www.thestreet.com/tsc/book.html|publisher=Simon & Schuster|pages=320|date=May 13, 2002]
After completing its initial public offering in May 1999 (under the direction of past Chairman and Chief Executive Officer Kevin English) , TheStreet.com weathered the Internet bubble burst in 2000 and the terrorist attacks on the World Trade Center in 2001. While stagnant for several years, the stock increased in value during 2006 and 2007, reaching a high of $16.74 on December 27, 2007. It then dropped in 2008 and then rebounding with a high of $16.74 on December 27, 2007. As of June 25th, 2008, TheStreet.com stock price had decreased to $6.59. [ [http://www.thestreet.com/quote/tscm.html?omorig=header TheStreet.com stock snapshot] ]
* [http://www.TheStreet.com TheStreet.com]
* [http://seekingalpha.com/transcripts/for/tscm Most Recent TSCM Quarterly Conference Call Transcript]
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