RagingBull.com

RagingBull.com
RagingBull.com
Type of site
 Financial literacy
Headquarters Lee, New Hampshire
Website www.ragingbull.com
Alexa rank 130,808 (April 2, 2018)[1]
Launched 1997

RagingBull.com is a website focused on financial literacy.

History

RagingBull.com was founded in August 1997 by Bill Martin with college partners,[2] Rusty Szureck[3] and Greg Wright, were 19 years old at the time. It was begun in a basement with an initial investment of $30,000 from savings and credit card loans.[4]

By mid-1998, the website had 8,000 registered users.[5]

David Wetherell, CEO of CMGI, discovered the website while on vacation.[4] In October 1998, CMGI invested $2 million in Raging Bull for a 40% stake.[6] At that time, the co-founders were each 21 years old.[5]

In February 2000, AltaVista, which was majority owned by CMGI, acquired the website in a stock transaction. At that time, Raging Bull had 425,000 registered members, 12 million daily page views, and message boards where users posted 35,000 messages per day.[7][8][2]

In January 2001, Terra acquired the website.[9][10][11]

In February 2006, Terra's Lycos division sold Quote.com and RagingBull.com to Interactive Data Corporation for $30 million.[12] RagingBull was integrated into eSignal.[13]

In June 2017, Chuck Jaffe was named chief editor of the website.[14]

References

  1. ↑ "Alexa Internet: RagingBull.com". Alexa Internet.
  2. 1 2 Hechinger, John (November 30, 1999). "AltaVista to Acquire Raging Bull, A Popular Financial-Chat Web Site". The Wall Street Journal. (subscription required)
  3. ↑ "Rusty Szurek: Executive Profile". Bloomberg L.P.
  4. 1 2 KIRSNER, SCOTT (May 31, 1999). "First Companies Are Serious Business". Fast Company.
  5. 1 2 Koprowski, Gene (May 1, 1999). "E-Reality". Entrepreneur.
  6. ↑ Anders, Jason (October 1, 1998). "Raging Bull Web Site Gets Venture Capital From CMG". The Wall Street Journal. (subscription required)
  7. ↑ "AltaVista Completes Acquisition of Raging Bull" (Press release). PR Newswire. February 3, 2000.
  8. ↑ Brick, Michael (November 29, 1999). "Alta Vista to Acquire Raging Bull in Stock Deal". TheStreet.com.
  9. ↑ "Terra Lycos Buys Raging Bull From CMGI's AltaVista Unit". The Wall Street Journal. January 31, 2001. (subscription required)
  10. ↑ Hu, Jim (January 2, 2002). "Terra Lycos lassos AltaVista's Raging Bull". CNET.
  11. ↑ Schiffman, Betsy (January 30, 2001). "Terra Lycos On Acquisitive Rampage". Forbes.
  12. ↑ Ali, Rafat (February 1, 2006). "Lycos U.S. Sells Quote.com to IDC For $30 Million Cash; Wired News Next?". GigaOm.
  13. ↑ "eSignal Debuts the New Quote.com" (Press release). PR Newswire. September 27, 2006.
  14. ↑ "Chuck Jaffe, Host of "Money Life Radio Show," Named Chief Editor of RagingBull.com" (Press release). PR Newswire. June 15, 2017.
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