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January 14, 2005
"For Sale" signs appear at TheStreet.com
The New York Post reports that "the once-glamorous TheStreet.com is on the block after a roller-coaster ride for nine years with its maverick founder Jim Cramer." Immediately after news of an impending deal went public, shares of the company traded up by as much as 20% (of course, at $4/share, there was nowhere to go but up...). It seems like ages ago now, but TheStreet.com had "once been one of Wall Street's hottest media properties in the 1990s dot-com bubble." Anyone interested in the future of the company should check out James Cramer's Confessions of a Street Addict, especially Chapters 17 & 18, where he discusses the company's blowout-the-doors IPO in May 1999.
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