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GlobeNewswire

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GlobeNewswire, Inc.
Company typeSubsidiary
Industry
  • Publications
  • communications
GenrePress release
FoundedJune 1, 1998 (1998-06-01)[1]
Headquarters
Los Angeles, California
,
United States
ProductsNewswire service
ParentIntrado
Websitewww.globenewswire.com

GlobeNewswire provides press release distribution services globally, with substantial operations in North America and Europe.

GlobeNewswire was a Nasdaq, Inc. subsidiary from September 2006 until April 2018 when West Corporation (now Intrado) acquired the Public Relations Solutions and Digital Media Services Businesses,[2] including GlobeNewswire, from Nasdaq.

Formerly known as PrimeNewswire, the company changed its name to GlobeNewswire in 2008 to better reflect its international scope.[3]

History

GlobeNewswire was established in 1998 with the goal of eliminating the 15-minute delay in disclosing financial releases to all media, as well as offering Investor Relations website management services, hosting online customer service centers, and delivering the news via HTML email.[4]

GlobeNewswire facilitates the distribution of corporate press releases, financial disclosures, and multimedia content to various stakeholders, including the media, investment community, individual investors, and the general public.[4]

In 2012, GlobeNewswire introduced its Streaming Media Player, which allows users to alternate between videos and slides while monitoring a variety of news sources.[5]

In June 2018, GlobeNewswire introduced Media Snippets, providing the ability for organizations publishing press releases to embed a carousel of images, audio, video, and live streaming into their press releases and web pages to tell a more complete brand story and increase engagement with media, investors, and customers.[6]

Notable events

In September 2021, GlobeNewswire published an unconfirmed fake news article that Walmart will accept Litecoin LTC payments. As a result, millions of dollars in crypto exchanges were liquidated. Shortly thereafter, the article was deleted, but the damage had already been done. The article was primarily launched by a possibly hacked LiteCoin Twitter account; alternatively, active assistance to manipulate the market is also conceivable.[7][8]

See also

References

  1. ^ "GlobeNewswire Inc Company Profile". Bloomberg. Retrieved March 19, 2023.
  2. ^ "West Corporation Closes Landmark Acquisition of Nasdaq's Public Relations and Digital Media Businesses". GlobeNewswire. April 16, 2018.
  3. ^ "PrimeNewswire is now GlobeNewswire". PRWeek. August 21, 2008. Archived from the original on March 5, 2016. Retrieved March 8, 2024.
  4. ^ a b "About Us". globenewswire.com. Retrieved February 25, 2024.
  5. ^ Krietsch, Beth (June 4, 2012). "NASDAQ OMX to launch video platform at NIRI". PRWeek. Retrieved March 8, 2024.
  6. ^ "West Corporation Introduces Media Snippets, Interactive Multimedia Modules for Content Publishing". GlobeNewswire.
  7. ^ Macheel, Tanya (September 13, 2021). "Walmart says crypto payments announcement is fake. Litecoin tumbles after spike". CNBC. Retrieved September 13, 2021.
  8. ^ "Walmart denies tieup with litecoin, fake statement rattles cryptocurrency". Reuters. September 13, 2021. Retrieved September 13, 2021.
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