Benzinga
U.S. business/financial media, no strong partisan lean
Background
Benzinga was founded in 2009 (some sources say 2010) by Jason Raznick, who started the site with about $3,000 aiming to give individual investors faster access to market-moving information after the 2008 financial crisis. It grew into a financial news, data, and analytics business serving retail and professional traders, including a paid real-time news terminal called Benzinga Pro. In 2018, private equity firm Beringer Capital acquired a majority stake in the company at a nine-figure valuation, while Raznick retained equity and continued running the company. Benzinga has faced credibility questions over the years: in 2017 the SEC charged a network of promoters with paying for favorable stock coverage on several financial sites, including contributor content that had appeared on Benzinga, prompting the company to tighten editing and disclosure of paid contributor articles. In April 2025, Benzinga published and widely distributed a false report—sourced from a since-deleted, impersonating social media account—claiming a White House official said tariffs on all countries except China would be paused for 90 days; the false headline briefly moved markets before Benzinga retracted it. Critics have also periodically accused the outlet of publishing shallow "why is this stock moving" content that can amplify short-term speculative trading. Overall, Benzinga positions itself as a fast-moving markets and business news source rather than a political outlet, and its content is generally apolitical, though speed-driven publishing has occasionally produced high-profile errors.
Sources
- Benzinga Majority Acquired by Beringer Capital
- Jason Raznick, BBA '00 | Michigan Ross
- Benzinga says it was among victims in pump-and-dump schemes - Crain's Detroit Business
- SEC cracks down on fake stock news - NBC News
- 'Benzinga' News Service That Falsely Reported a Possible 90-Day Break in Tariffs Blames X
Profile compiled 2026-09-25; refreshed when ownership, funding, or the administration changes.