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]
