Founded in 2010 by Jason Raznick, Benzinga was created to make financial information easier for the average person to access and understand. The idea sparked when Raznick was working out of his basement in Michigan; he realized that professional traders on Wall Street had access to expensive, high-speed tools that regular investors did not. He decided to build a platform that provided "actionable" news and data to help everyday people make better trading decisions. Today, the company is primarily owned by the private equity firm Beringer Capital, which acquired a majority stake in 2021. Today, Benzinga is headquartered in Detroit, Michigan, and focuses heavily on financial and business news. They cover a wide range of topics including the stock market, cryptocurrency, and the cannabis industry, as well as technology trends and how political events might affect the economy. They are well-known among college students and young investors for their fast updates on "meme stocks" and market movers. One interesting fact: A unique fact about Benzinga is its location. While almost every major financial news organization is based in New York City or London, Benzinga is proudly based in downtown Detroit. They chose this location to be part of the city's tech revitalization, proving that a major Wall Street news source doesn't actually have to be on Wall Street.