| Type | Subsidiary |
|---|---|
| Industry |
|
| Founded | June 1, 1998[1] |
| Headquarters | , United States |
| Products | Newswire service |
| Parent | Intrado |
| Website | www |
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]
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]
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]
