The Wall Street Journal facts for kids

Quick facts for kids
The Wall Street Journal

It's Your Business
Type	Daily newspaper
Format	Broadsheet
Owner(s)	Dow Jones & Company
Founder(s)	Charles Dow Edward Jones Charles Bergstresser
Publisher	Almar Latour
Founded	July 8, 1889; 136 years ago (1889-07-08)
Language	English
Headquarters	1211 Avenue of the Americas New York City, New York 10036, U.S.
Country	United States
Circulation	3,966,000 news subscribers 3,406,000 digital-only 560,000 print + digital (as of June 2023)
ISSN	0099-9660 (print) 1042-9840 (web)
OCLC number	781541372

The Wall Street Journal (often called WSJ or just the Journal) is a famous American newspaper. It is based in New York City and focuses a lot on business and money news. To read most of its articles, people need to pay for a subscription. The Journal is printed six days a week by Dow Jones & Company, which is part of News Corp.

As of 2023, The Wall Street Journal was the biggest newspaper in the United States by how many copies it printed. It had over 600,000 print subscribers. It also had more than 3 million digital subscribers, making it the second-largest online newspaper after The New York Times. The Journal is considered one of the most important newspapers in the U.S. Its first issue came out on July 8, 1889. The newspaper's opinion section usually shares views that are a bit more conservative. The Journal has won 39 Pulitzer Prizes, which are major awards for journalism.

History of The Wall Street Journal

How the Journal Started

Before The Wall Street Journal began, there was a company called Kiernan News Agency. In 1880, this agency hired two reporters, Charles H. Dow and Edward D. Jones. With another reporter, Charles Bergstresser, Dow and Jones started their own news company called Dow Jones & Company. Their office was in the same building as Kiernan's, right next to the New York Stock Exchange Building.

At first, Dow Jones & Company sent out short news updates called flimsies. These were delivered by hand to traders at the stock exchange throughout the day. Later, in 1883, these updates were put together into a daily printed summary called the Customers' Afternoon Letter. This letter cost $1.50 a month. Dow Jones opened its own printing press in 1885.

On July 8, 1889, the Afternoon Letter was renamed The Wall Street Journal. The first issue had four pages and cost two cents. In its early days, the Journal mainly shared detailed business news without much editing.

The front page of the Journal looked almost the same for nearly 40 years. It had four columns, with news in the middle two and ads for stockbrokers on the sides. The Journal focused on news from wire services and lists of stocks and bonds. Sometimes, it also covered sports or politics. The first issue even had a report about a boxing match. In its early years, the Journal rarely published analysis or opinion articles. It had reporters in many cities, sending news by telegraph.

In 1896, the Journal started publishing two important stock market guides: the Dow Jones Industrial Average and the Dow Jones Railroad Average. The first morning edition of the Journal was printed in 1898. By the late 1890s, about 7,000 copies were sold each day.

Charles Dow wrote the first "Review and Outlook" column in 1899. This was an editorial on the front page that explained stock prices based on human behavior. Dow's ideas later became known as the Dow theory.

The 20th Century and Growth

In 1902, Charles Dow sold Dow Jones and the Journal to Clarence W. Barron. Barron had been a reporter for the Journal in Boston since 1889. Under Barron's leadership, the Journal grew. Thomas F. Woodlock was the editor from 1902 to 1905, and during his time, daily sales went from 7,000 to 11,000 copies. William Peter Hamilton became the main editorial writer in 1908. He wrote articles that supported free-market capitalism.

Barron and the people before him were known for creating honest and independent financial reporting. In 1921, Barron's, a top financial weekly newspaper, was started. The Journal was seen as a defender of Wall Street against government rules. Sales kept going up, reaching 18,750 in 1920 and briefly 52,000 in 1928. Barron passed away in 1928, just before the stock market crash that led to the Great Depression in the United States. Barron's family, the Bancroft family, continued to own the company until 2007.

The stock market crash of 1929 was a big challenge for the Journal. Sales dropped below 28,000 in the 1930s, and the newspaper became smaller, from 28 pages to 16. In 1932, Dow Jones president Hugh Bancroft retired. After he passed away in 1933, his wife appointed Kenneth Craven "Casey" Hogate as the new president. Hogate wanted the Journal to become a "more general business paper" and not just focus on stock numbers.

The Wall Street Journal also started a West Coast edition in 1929, called The Wall Street Journal Pacific Coast Edition. It focused on businesses in California. However, its sales were low, and the Great Depression caused many people to cancel their subscriptions.

In 1931, Bernard Kilgore became the news editor for The Wall Street Journal. He started writing a column called "Dear George" for the Pacific Coast Edition. This column explained difficult financial topics in a simpler way. "Dear George" was very different from other Wall Street Journal articles that used confusing business words. The main Journal edition also started printing "Dear George." In 1934, Kilgore began writing a daily news summary called "What's News" for the Journal's front page. Even President Franklin D. Roosevelt liked Kilgore's work. However, the Journal still had money problems, with sales stuck at 32,000 in 1940.

In the 1940s, Dow Jones changed how the Journal worked. Kilgore became managing editor in 1941 and CEO of Dow Jones in 1945. Kilgore wanted the newspaper to be clear enough for new readers but also detailed enough for experienced ones. He also wanted the East and West Coast editions to be more similar to reach a national audience.

In 1947, the paper won its first Pulitzer Prize for William Henry Grimes's opinion articles. In May 1947, the Journal launched a Southwest edition in Dallas. The newspaper also added a new slogan in 1949: "Everywhere, Men Who Get Ahead in Business Read The Wall Street Journal." Sales grew a lot, from 32,000 in 1940 to 140,000 in 1949.

The Journal won a major journalism award in 1952 for stories that showed connections between a company called Empire Mail Order and organized crime. These stories came out after news that Howard Hughes sold RKO Pictures to Empire Mail Order. The Journal's sales kept growing in the 1950s, reaching over 500,000 by 1957.

Warren H. Phillips became managing editor of The Wall Street Journal in 1957. Under Phillips, the Journal covered the civil rights movement in detail. They believed that business people needed to understand these important social changes. For example, their coverage of the Little Rock Central High School integration crisis showed that local people supported integration, even when politicians did not.

During a newspaper strike in New York City from 1962 to 1963, the Journal was the only daily newspaper that kept printing. By the time Kilgore passed away in 1967, Wall Street Journal sales were over one million. In 1967, Dow Jones Newswires started to grow internationally, placing journalists in major financial centers around the world. In 1970, Dow Jones bought the Ottaway newspaper chain.

From 1971 to 1997, the Journal launched many new things, like "Factiva", The Wall Street Journal Asia, The Wall Street Journal Europe, the WSJ.com website, and "WSJ Weekend Edition". In 2007, News Corp. bought Dow Jones. WSJ., a magazine about luxury lifestyles, was launched in 2008.

The Wall Street Journal Online website started in 1996 and has always required a subscription to access its content. A weekly crossword puzzle was added in 1998.

The 21st Century and Digital Growth

In 2003, Dow Jones started combining the numbers for print and online subscribers. By 2007, the Journal's website was thought to be the biggest paid-subscription news site, with 980,000 paid subscribers. By September 2018, digital subscriptions grew to 1.3 million.

In 2004, The Wall Street Journal launched an app that allowed people to read its online content on their mobile phones.

In September 2005, the Journal started a weekend edition, which meant it was printed on Saturdays again after about 50 years. This was done to attract more advertisers.

In 2005, a survey showed that about 60 percent of the Journal's readers were in top management jobs. Their average income was $191,000, and their average household wealth was $2.1 million. The average age of readers was 55.

In 2007, the Journal expanded its website globally to include different language editions.

Changes in Design

The Journal's name on the front page is special because it has a period at the end.

Front-page advertising was brought back to the Journal in the U.S. on September 5, 2006. This had already happened in the European and Asian editions in late 2005.

For 50 years, the Journal's front page looked almost the same. But in 2007, the paper made its width smaller to save money on paper. This change also moved some of its traditional sections around.

The paper uses unique ink dot drawings called hedcuts, which started in 1979. These drawings are a special visual style of the paper. The Journal also uses caricatures (funny drawings of people). In recent years, more color photos and graphics have been added, especially in sections about lifestyle.

The newspaper won the World's Best Designed Newspaper award in 1994 and 1997.

News Corp Ownership

On May 2, 2007, News Corporation offered to buy Dow Jones & Company for $60 per share. The Bancroft family, who owned most of the voting stock, first said no but later changed their minds.

Three months later, on August 1, 2007, News Corporation and Dow Jones agreed to the sale. The $5 billion deal added The Wall Street Journal to Rupert Murdoch's news company, which already owned many other media outlets.

On December 13, 2007, shareholders approved the sale. The new owners and the Bancroft family agreed that the Journal's news and opinion sections would remain independent.

In 2011, The Guardian newspaper found that the Journal had made its European sales numbers look higher than they were. This allowed the Journal to charge more for ads. The Journal also agreed to publish articles that looked like news but were actually ads for one of its business partners. As a result, the CEO of The Wall Street Journal Europe was fired. Since September 2011, online articles from this time have a note explaining what happened.

In 2013, News Corporation separated some of its businesses, and the Journal became part of the new News Corp.

In November 2016, to save money, the Journal's editor-in-chief, Gerard Baker, announced staff changes and combined some print sections. For example, "Business & Tech" and "Money & Investing" became "Business & Finance." The "Greater New York" section, which covered local news, was reduced and later closed in July 2021.

A 2018 survey found that The Wall Street Journal was seen as one of the most accurate and unbiased news organizations by the public. It was ranked the most trusted news organization by Americans in another survey. Some believe that the paper's mix of respected news and conservative opinion pages helps it earn trust from different political groups.

From 2019 to 2022, the Journal worked with Facebook to provide content for its "News Tab." Facebook paid the Journal over $10 million during this time.

In June 2022, the Journal launched a product review website called Buy Side. This website is free and has a different team from the Journal's newsroom.

In early 2024, the Journal made some staff changes, especially in its economics and video teams. In May 2024, it also adjusted its focus in Asia, moving some jobs from Hong Kong to Singapore.

Recent Milestones

• WSJ Noted., a monthly digital magazine for younger readers, launched on June 30, 2020.
• The Journal reached 3 million subscribers in May 2020.
• WSJ Live became available on mobile devices in September 2011.
• WSJ Weekend, the Saturday newspaper, added two new sections, "Off Duty" and "Review," in September 2010.
• "Greater New York," a section about the New York metro area, ran from April 2010 until July 2021.
• The Wall Street Journal's San Francisco Bay Area Edition, focusing on local news, launched in November 2009.
• WSJ Weekend (formerly Saturday's Weekend Edition) started in September 2005.
• Today's Journal, which added the Personal Journal section and color printing, launched in April 2002.
• The Wall Street Journal Sunday launched in September 1999 as a print supplement for other U.S. newspapers. It stopped publishing in February 2015.
• Friday Journal (formerly First Weekend Journal) started in March 1998.
• WSJ.com, the website, launched in April 1996.
• The Journal first had three sections in October 1988 and two sections in June 1980.

How The Journal Works

Since 1980, the Journal has been published in several sections. In 2002, the Journal increased its maximum length to 96 pages, with up to 24 color pages.

As of 2012, The Wall Street Journal had about 2,000 journalists in 85 news offices across 51 countries. It also had 26 printing plants. Its main office in Asia is in Hong Kong, but it is moving to Singapore.

The newspaper has these regular sections:

• Section One: Published every day, it covers company news, politics, economics, and opinion pages.
• Marketplace: Published Monday through Friday, it covers health, technology, media, and marketing industries. This section started in 1980.
• Money and Investing: Published every day, it covers and analyzes international financial markets. This section started in 1988.
• Personal Journal: Published Tuesday through Thursday, it covers personal investments, careers, and cultural activities. This section started in 2002.
• Off Duty: Published on Saturdays in WSJ Weekend, it focuses on fashion, food, design, travel, and technology. This section started in 2010.
• Review: Published on Saturdays in WSJ Weekend, it features essays, comments, reviews, and ideas. This section started in 2010.
• Mansion: Published on Fridays, it focuses on expensive real estate. This section started in 2012.
• WSJ Magazine: Launched in 2008 as a quarterly magazine, this luxury lifestyle supplement is included in the U.S., European, and Asian editions of The Wall Street Journal. By 2014, it was published 12 times a year.

Several writers also contribute regular columns to the Journal's opinion page:

• Mondays: Americas by Mary O'Grady
• Wednesdays: Business World by Holman W. Jenkins Jr.
• Thursdays: Wonder Land by Daniel Henninger
• Fridays: Potomac Watch by Kimberley Strassel
• Weekend Edition: Rule of Law, The Weekend Interview (by various authors), Declarations by Peggy Noonan

The wsj.com website also has two daily online-only opinion columns:

• Best of the Web Today by James Taranto (no subscription needed).
• Political Diary edited by Holman W. Jenkins Jr. and featuring John Fund (requires a separate subscription).

On Fridays, the Journal also publishes a religion-themed opinion piece called "Houses of Worship," written by a different author each week.

Style & Substance

Style & Substance is a monthly newsletter about how to use the English language correctly. Each issue talks about specific language questions based on the WSJ's own stylebook. The first issue came out in 1987. The Journal uses this newsletter to announce big changes to its writing style, like when it stopped using courtesy titles (like Mr. or Ms.) in 2023.

WSJ. Magazine

WSJ. is The Wall Street Journal's magazine about luxury lifestyles. It covers topics like art, fashion, entertainment, design, food, architecture, and travel.

It started as a quarterly magazine in 2008 and grew to 12 issues a year by 2014. The magazine is included with the weekend U.S. edition of The Wall Street Journal and is also available online and in the newspaper's iPad app.

Many famous people have been featured on its cover, including Penélope Cruz, Carmelo Anthony, Woody Allen, Scarlett Johansson, Emilia Clarke, Daft Punk, and Gisele Bündchen.

In 2012, the magazine started its Innovator Awards program. This event honors creative people in design, fashion, architecture, helping others, art, and technology.

In 2013, Adweek magazine named WSJ. the "Hottest Lifestyle Magazine of the Year."

OpinionJournal.com

OpinionJournal.com

Type of site	News and opinion
Available in	English
Owner	The Wall Street Journal
Created by	The Wall Street Journal
Revenue	N/A
Commercial	Yes
Registration	N/A
Current status	Redirects to

OpinionJournal.com was a website that shared content from the opinion pages of The Wall Street Journal. It was separate from the news content on wsj.com until January 2008, when it became part of the main website. The opinion articles on this site usually showed the Journal's conservative political views.

WSJ Noted.

On June 30, 2020, the Journal launched WSJ Noted., a monthly digital magazine about "news and culture." It was created to attract younger readers, especially those aged 18–34. The magazine has a group of about 7,000 young adults who get to see content early, give feedback, and join Q&A sessions with the Noted staff.

The Editorial Board

The editorial board members of The Wall Street Journal are in charge of the newspaper's opinion section. They decide the overall tone and direction of these opinion pieces. The Journal does not share many details about what these board members do exactly.

Every Saturday and Sunday, three writers from the opinion page and host Paul Gigot, who is the editor of the editorial page, appear on Fox News Channel's Journal Editorial Report. They talk about current events with different guests. Past editors of the editorial page, like Vermont C. Royster (1958–1971) and Robert Bartley (1972–2000), shared a conservative view of the news every day.

People have noticed differences between the Journal's news reporting and its opinion pages. Some have said that while the reporters focus on facts, the opinion writers sometimes share views that are different from the paper's news stories. One source in 2011 described the opinion pages as "very conservative" but noted that the news coverage "has a great reputation among readers of all political views."

In July 2020, more than 280 Journal journalists and Dow Jones staff wrote a letter to the new publisher, Almar Latour. They criticized the opinion pages for not checking facts enough and for not being clear about their sources. The editorial board replied that its opinion pages would not change their views and that their goal was to be independent from the Journal's news content. They also said they wanted to offer different views from what is common in most media today. The board's response did not address the concerns about fact-checking.

Editorial Views

Economic Views

In the early 1900s, the Journal supported government efforts to prevent monopolies. However, after Barron bought the paper, the Journal strongly supported free-market economics in the 1920s. For example, an opinion piece in 1928 criticized Congress for trying to control the stock market.

In the 1980s, the newspaper's opinion page was very important for promoting supply-side economics. This idea suggests that lowering certain taxes can lead to more economic activity and even more tax money for the government.

When it comes to how countries manage their money exchange rates, the Journal tends to support fixed exchange rates over floating exchange rates.

Political Views

The Journal's opinion pages and columns, which are separate from the news pages, have a conservative leaning. They are very influential among conservative groups. Even so, the Journal does not officially support political candidates and has not done so since 1928.

The editorial board has long supported an immigration policy that helps businesses.

The Journals opinion page was critical of many parts of Barack Obama's time as president. It strongly criticized the Affordable Care Act (Obamacare) and published many opinion pieces against it. The Journals opinion page also criticized the Obama administration's energy policies and foreign policy.

In October 2017, the editorial board called for Special Counsel Robert Mueller to step down from the investigation into Russian interference in the 2016 United States elections. They also accused Hillary Clinton's 2016 presidential campaign of working with Russia. These opinion pieces caused disagreements within The Wall Street Journal, as some reporters felt they hurt the paper's trustworthiness.

In October 2021, the Journal published a letter from former President Donald Trump in its Letters to the Editor section. Other news sources said the letter contained false claims about the 2020 presidential election. The next day, the editorial board published its own criticism of Trump's letter.

Scientific Views

The Journal's opinion pages have been described as a place for "climate change skepticism" because of articles that criticized climate scientists. A 2011 study found that the Journal was unique among major American newspapers in how its opinion pages presented a "false balance." This meant they made the uncertainty in climate science seem bigger than it was or denied that human activities cause climate change. In 2013, the editorial board criticized President Obama's plan to deal with climate change, often without mentioning climate science. A 2015 study found that The Wall Street Journal was the least likely newspaper to show the negative effects of global warming. It was also most likely to focus on the negative economic costs of policies to reduce climate change.

Climate Feedback, a website that checks facts about climate science in the media, has rated many of the Journal's opinion articles as having "low" to "very low" scientific accuracy. A group called the Partnership for Responsible Growth stated in 2016 that only 14% of the guest opinion pieces on climate change in the Journal presented mainstream climate science. They also found that none of the 201 opinion pieces about climate change published since 1997 admitted that burning fossil fuels is the main cause of climate change.

In the 1980s and 1990s, the Journal published many opinion pieces that opposed and misrepresented the scientific agreement on the dangers of second-hand smoke, acid rain, and ozone depletion. They also criticized public efforts to control pesticides and asbestos. The Journal later recognized that efforts to reduce acid rain had been successful.

Political Reporting Style

The Journal's news reporting has been described as "small-c conservatism," meaning it tends to be careful and traditional. Some former reporters say the paper has become more conservative since Rupert Murdoch bought it.

Fairness in News Reporting

Before Murdoch's Ownership

The Journal's editors emphasize that their reporters are independent and fair. In 2007, CNN said that the Journals "newsroom staff has a reputation for non-partisan reporting." Ben Smith of the New York Times described the Journals news reporting as "small-c [conservative]." He also noted that its readers tend to be more conservative than those of other major newspapers.

Under Clarence W. Barron's ownership, the Journal usually kept its opinions to the editorial pages. However, a 1922 series of news articles described the organized labor movement in a very negative way.

A 2004 study argued that the Journal's news pages had a liberal bias because they quoted liberal research groups more often. However, other experts criticized this study's method, saying it might not have been fair to both liberal and conservative viewpoints.

When News Corp planned to buy the company in 2007, there was a lot of discussion about whether the news pages would become more conservative under Rupert Murdoch. An opinion piece on August 1, 2007, stated that Murdoch planned to "maintain the values and integrity of the Journal."

During the Trump Presidency

In 2016 and 2017, the Journal's leadership under editor Gerard Baker faced criticism. Some felt the paper's coverage of President Donald Trump was too cautious. For example, a November 2016 front-page headline repeated Trump's claim about "millions of people" voting illegally without strong evidence.

Another issue was a note from Baker in January 2017, telling editors to avoid using the phrase "seven majority-Muslim countries" when writing about Trump's executive order on travel. Baker later clarified that the phrase was not banned, but that the paper should be careful not to use it as the only description.

At a meeting with Journal staff in February 2017, Baker defended the paper's coverage. He said it was objective and helped keep the paper out of political arguments with the Trump administration.

On February 19, 2020, China announced it was taking away the press passes of three Wall Street Journal reporters in Beijing. China accused the paper of not apologizing for articles that criticized China's efforts to fight the COVID-19 pandemic.

In June 2020, after the murder of George Floyd and protests, journalists at the Journal sent a letter to editor-in-chief Matt Murray. They asked for changes in how the paper covers race, policing, and money. The reporters said they often faced resistance when trying to include the voices of workers or customers. They felt some editors were more skeptical of these sources compared to company executives or government officials.

Important Stories Covered

The Journal has won 39 Pulitzer Prizes throughout its history. Journalists who led some of the paper's most famous reporting teams have later written books about their work.

1939: World War I Battleships

In 1939, Vermont C. Royster wrote articles showing how long it took for World War I battleships to be ready for use. The U.S. Navy accused Royster of using secret information. Royster said he got the information from Encyclopedia Britannica.

1952: Empire Mail Order Investigation

In October 1952, the Journal's Chicago office received news that Howard Hughes sold his part of RKO Pictures to Empire Mail Order Company. Managing editor Henry Gemmill led the reporting that showed connections between Empire Mail Order and organized crime. After these stories, Hughes canceled the sale. These stories also earned the Journal its first major award, a Sigma Delta Chi public service award.

1954: New Automobile Models

On May 28, 1954, the Journal published a front-page story by John Williams that revealed the designs of 1955 cars from Ford, Pontiac, and other car makers. Williams had talked to factory workers and car executives. The story showed that the new cars would have bigger engines and wrap-around windshields. This story was special because the Journal rarely used drawings at that time. A week later, General Motors canceled its advertising with the Journal, accusing the paper of breaking confidentiality. This event helped establish that news organizations should remain independent from advertisers.

1973: Spiro Agnew Investigation

On August 7, 1973, in an article by Jerry Landauer, the Journal was the first to report that U.S. Vice President Spiro Agnew was being investigated by the government for financial misconduct. Agnew confirmed the investigation the night before the article was published. Agnew later resigned as vice president in October 1973.

1984: CIA Activities in Nicaragua

On April 6, 1984, the Journal first revealed, in a story by David Rogers, that the Central Intelligence Agency had placed hidden devices in harbors in Nicaragua. This story led to strong reactions internationally. U.S. Senator Barry Goldwater criticized the lack of information from the government about these actions. The Senate passed a resolution against the actions.

1987: RJR Nabisco Buyout

In 1987, several financial companies competed to buy the tobacco and food company RJR Nabisco. Bryan Burrough and John Helyar wrote many Journal articles about these events. They later used these articles to write a bestselling book, Barbarians at the Gate: The Fall of RJR Nabisco, which was also made into a film.

1988: Illegal Stock Trading

In the 1980s, Journal reporter James B. Stewart brought national attention to the illegal practice of insider trading. This is when people buy or sell stocks using secret information they shouldn't have. He won a Pulitzer Prize in 1988 for explaining this topic. Stewart later wrote a book about it called Den of Thieves.

1997: AIDS Treatment Advances

David Sanford, a features editor at the Journal who had HIV, wrote a personal story on the front page. He shared how new treatments for HIV changed his life from planning for death to planning for retirement. He and six other reporters wrote about these new treatments and related issues. They won the 1997 Pulitzer Prize for National Reporting for their coverage of AIDS.

2000: Enron Scandal

Jonathan Weil, a reporter at the Wall Street Journal's Dallas office, is credited with first reporting on financial problems at Enron in September 2000. Rebecca Smith and John R. Emshwiller regularly reported on the story and later wrote a book called 24 Days. In October 2021, the Journal released a podcast called "Bad Bets" that retold the paper's reporting on Enron.

2001: September 11 Attacks

The Journal says it sent the first news report about a plane crashing into the World Trade Center on September 11, 2001. Its main office was badly damaged when the World Trade Center towers collapsed. Editors worried they might not be able to print the next day's paper for the first time in 112 years. They moved to a temporary office, and most staff went to another Dow Jones location. The paper was still on stands the next day, though smaller. The front page included a firsthand account of the towers' collapse. The Journal won a 2002 Pulitzer Prize for Breaking News Reporting for its stories that day.

The Journal later investigated the causes and meaning of 9/11 worldwide. In Kabul, Afghanistan, reporters Alan Cullison and Andrew Higgins bought computers that Al Qaeda leaders had used. They were able to unlock and translate the secret files. During this coverage, Journal reporter Daniel Pearl was kidnapped and killed by terrorists.

2007: Stock Option Scandal

In 2007, the paper won the Pulitzer Prize for Public Service for showing how some companies illegally changed the dates on stock options given to executives to make them more valuable.

2015–Present: Theranos Investigation

In 2015, a report by the Journal's John Carreyrou claimed that the blood testing company Theranos had faulty technology and that its founder, Elizabeth Holmes, was misleading investors. According to Vanity Fair, the report said the company's main technology was not working and that Theranos used other companies' equipment for most of its blood tests. The Journal has since published more reports questioning Theranos and Holmes. In May 2018, Carreyrou released a book about Theranos called Bad Blood.

Rupert Murdoch, who owned the Journal and was a major investor in Theranos at the time, lost about $100 million from his investments in Theranos.

2021: Facebook Company Files Leak