Business Insider

From Wikipedia, the free encyclopedia
BusinessInsider.com
Business Insider Logo.png
Type of site
Online newspaper
Available in English
Owner Axel Springer SE
Created by Kevin P. Ryan
Editor Henry Blodget
Website BusinessInsider.com
Alexa rank Negative increase 269 (January 2016)[1]
Commercial Yes
Launched February 2009; 8 years ago (2009-02) in New York
Current status Active

Business Insider is a German-owned American news website that also operates international editions in Australia, India, Malaysia, Indonesia, Singapore, China, Italy, and the UK. It also operates a local language German[2] and Polish[3] news site.

History

Business Insider launched in February 2009 and is based in New York City. Founded by DoubleClick's former CEO Kevin P. Ryan, Dwight Merriman, and Henry Blodget,[4] the publication is the overarching brand of Silicon Alley Insider (launched May 16, 2007) and Clusterstock (launched March 20, 2008).[5] In addition to providing and analyzing business news, the site aggregates top news stories on various subjects from around the web. It reported a profit for the first time ever in the 4th quarter of 2010.[6] In June 2012, it had 5.4 million unique visitors.[7] It now averages around 70 million unique visitors, monthly.

Business Insider also hosts industry conferences, such as IGNITION,[8] which explores the emerging business models of digital media. In January 2015, Business Insider launched BI Intelligence,[9] a subscription-based research service that provides data and analysis on the mobile, payments, eCommerce, social, and digital media industries. The site publishes numerous annual editorial franchises, such as the "Digital 100: The World's Most Valuable Private Tech Companies."[10]

Acquisition

On September 29, 2015, Axel Springer SE announced that it had acquired 88% of the stake in Business Insider, Inc. for a reported $343 million (€306 million).[4][11] After the purchase, Axel Springer SE will hold a stake of approximately 97%, and Jeff Bezos' personal investment company will hold the remaining shares.

Tech Insider

In July 2015, Business Insider launched the standalone technology website Tech Insider, with a staff of 40 people working primarily from the company's existing New York headquarters, but separately from the main Business Insider newsroom.[12]

Markets Insider

In October 2016, Business Insider launched Markets Insider, a globally-focused markets data and news service based on Yahoo Finance. Data is provided by Germany-based finance portal Finanzen.net, another Axel Springer holding.[13]

BI Sub-Saharan Africa

In January 2017, Business Insider announced that it would be launching a new sub-saharan site in partnership with Ringier Africa Digital Publishing.[14][15] Henry Blodget––co-founder, CEO, and global Editor-in-Chief of Business Insider––said of the partnership, “Ringier ... is the ideal partner to help us bring to sub-saharan Africa [our] unique voice and attitude.”[16]

Contributors

Business Insider's CEO and Editor-In-Chief Henry Blodget is a Yale history graduate who previously worked on Wall Street until he was charged with securities fraud in 2003.[17] Nicholas Carlson, whose past experiences include Internet.com and Gawker Media's Silicon Valley gossip blog, Valleywag, serves as Deputy Editor. And Senior Editor Jim Edwards' previous position was Managing Editor at Adweek.

Reception

In January 2009, the Clusterstock section appeared in Time's "Best 25 Financial Blogs,"[18] and the Silicon Alley Insider section was listed in PC Magazine's "Our Favorite Blogs 2009."[19] 2009 also saw Business Insider's selection as an official Webby honoree for Best Business Blog.[20]

In 2012, Business Insider was named to the Inc. 500. In 2013, the publication was once again nominated in the Blog-Business category at the Webby Awards.[21] In January 2014, The New York Times reported that Business Insider's web traffic was comparable to that of The Wall Street Journal.[22] In 2017, Digiday included imprint Insider as a candidate in two separate categories––"Best New Vertical" and "Best Use of Instagram"––at their annual Publishing Awards.[23]

The website has, however, faced criticism for its clickbait-style headlines.[24][25][26] In 2013, The New Yorker criticized the website for prioritizing publishing speed over accuracy.[27]

References

  1. ^ "Businessinsider.com Site Info". Alexa Internet. Retrieved 2016-01-27. 
  2. ^ "Business Insider Germany launches". www.axelspringer.de. Axel Springer. 2015-11-04. Retrieved 2016-11-18. 
  3. ^ "Business Insider Launches in Poland". www.axelspringer.de. Axel Springer. 2015-05-11. Retrieved 2016-11-18. 
  4. ^ a b "Leading Digital Publisher Axel Springer Acquires Business Insider". 29 September 2015. Retrieved 29 September 2015. 
  5. ^ "Welcome To Business Insider". Business Insider. 2013-04-23. Archived from the original on 2013-04-23. Retrieved 2016-11-18. 
  6. ^ "Business Insider Turns A$2,127 Profit On $4.8 Million in Revenue". TechCrunch. March 7, 2011. 
  7. ^ Hagey, Keach (July 29, 2012). "Henry Blodget's Second Act". The Wall Street Journal. Retrieved 2015-11-09. 
  8. ^ "IGNITION 2012". Business Insider. 
  9. ^ "BI Intelligence". Business Insider. 
  10. ^ "Digital 100: The World's Most Valuable Private Tech Companies". Business Insuder. November 2012. 
  11. ^ "US-Nachrichtenseite: Springer kauft "Business Insider" für 300 Millionen Euro" (in German). Retrieved 29 September 2015. 
  12. ^ "Business Insider Broadens Ambitions With New Tech Site". The Wall Street Journal. 27 July 2015. 
  13. ^ Alpert, Lukas. "Business Insider Launches Markets Data Site". wsj.com. Wall Street Journal. Retrieved 2016-11-18. 
  14. ^ Roddy Salazar (January 23, 2017). "Welcome Business Insider Sub-Saharan Africa!". Yahoo News UK. Retrieved January 25, 2017. 
  15. ^ "Ringier Launches Business Insider Sub Saharan Africa". Africa Newsroom. January 20, 2017. Retrieved January 25, 2017. 
  16. ^ Chris O'Shea (January 20, 2017). "Business Insider Launches Sub-Saharan Site". AdWeek. Retrieved January 25, 2017. 
  17. ^ "Factual allegations as submitted by SEC". SEC. 
  18. ^ McIntyre, Douglas A.; Allen, Ashley C. (January 22, 2009). "Best 25 Financial Blogs". TIME. New York. Retrieved June 1, 2010. 
  19. ^ "Our Favorite Blogs 2009". PC Magazine. New York. November 23, 2009. Retrieved June 1, 2010. 
  20. ^ "Blog-Business: Official Honoree". Webby Awards. 
  21. ^ "Business Insider | The Webby Awards". Retrieved 2017-02-09. 
  22. ^ Carr, David (January 26, 2014). "Ezra Klein Is Joining Vox Media as Web Journalism Asserts Itself". The New York Times. Archived from the original on February 16, 2015. Retrieved December 26, 2014. 
  23. ^ Awards, Digiday (2017-02-07). "Business Insider's social-first Insider is up for Best New Vertical for this year's Digiday Publishing Awards – Digiday". Digiday. Retrieved 2017-02-09. 
  24. ^ Hagey, Keach (29 July 2012). "Henry Blodget's Second Act". Wall Street Journal. Retrieved 2015-08-13. 
  25. ^ Ha, Anthony (May 22, 2012). "Business Insider's Henry Blodget Defends Linkbait, Slideshows, And Aggregation". Tech Crunch. AOL. Retrieved January 23, 2016. 
  26. ^ Bershidsky, Leonid (September 29, 2015). "Can Business Insider Make Money?". Bloomberg View. Retrieved January 23, 2016. 
  27. ^ Auletta, Ken (April 8, 2013). "Business Outsider". The New Yorker. Condé Nast. Retrieved January 23, 2016. 

External links

  • Official website
Retrieved from "https://en.wikipedia.org/w/index.php?title=Business_Insider&oldid=782003438"
This content was retrieved from Wikipedia : http://en.wikipedia.org/wiki/Business_Insider
This page is based on the copyrighted Wikipedia article "Business Insider"; it is used under the Creative Commons Attribution-ShareAlike 3.0 Unported License (CC-BY-SA). You may redistribute it, verbatim or modified, providing that you comply with the terms of the CC-BY-SA