Headquarters: 150 Fifth Ave., 8th floor
New York, NY 10010
CEO: Henry Blodget
Business Insider is a leading online business news site covering a variety of categories including financial, media, tech, defense and other industry verticals.
The site offers daily posts on hot topics in the news and is read by over 76 million visitors per month. There is no charge to read stories or subscription fees. The site makes money from advertising. The company launched Tech Insider in July, a site aimed at technology news for consumers.
Business Insider was acquired by Axel Springer of Germany for $343 million for 88% of the company in September 2015. Axel Springer previously purchased a 9% stake in the company.
Amazon.com founder Jeff Bezos led a $5 million investment round in April 2013 and will still own 3% of the company following its acquisition.
Business Insider has raised over $18 million in venture funding from Institutional Venture Partners, RRE, Marc Andreessen and Allen & Co.
The site was first launched as Silicon Alley Insider on July 19, 2007, led by DoubleClick founders Dwight Merriman and Kevin Ryan and former top-ranked Wall Street analyst Henry Blodget.
Blodget was banned from the securities industry by the SEC in 2003 after working as an analyst at Merrill Lynch and for giving recommendations on stocks that contradicted what was published.