Jim Cramer is reportedly planning to exit TheStreet.com at the end of September.
What Happened: TheStreet.com plans to hand off Cramer’s online videos and columns to new talent, according to a Seeking Alpha report citing information from an unnamed “source familiar with the situation.”
TheStreet.com’s parent company, TheMaven Inc. (OTC:MVEN) stated in a recent regulatory filing submitted that Cramer’s company Cramer Digital was not going to pick up an optional third year under its existing contract.
See Also: Cramer Revisits His Infamous ‘They Know Nothing!’ Moment
What Else Happened: Neither Cramer nor TheStreet.com commented on the report of their reported parting of ways, although Cramer offered a tweet shortly after the Seeking Alpha report was published that stated, “the well-wishers are out in full force and i thank you one and all”
Cramer was a stockbroker and hedge fund manager before he co-founded TheStreet.com in 1996 in partnership with magazine publisher Marty Peretz and took it pubic in 1999. TheMaven acquired the company in 2019 for $16.5 million.
Cramer gained greater national recognition in 2005 when he joined CNBC to host “Mad Money.”
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