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I think it is more correct (and less ambiguous) to have 'TheStreet: Facebook to launch news subscription product'

I wonder why they did not use this common variant,

"Facebook to launch news subscription product. -TheStreet"

It's a strange attributional convention used in headlines and links by some publications. I've never understood why, as it reads so confusingly, snd the reverse usage (source: topic) seems readily and intuitively available instead. But it's still common to see (topic: source) in certain house styles.

Yes, it is used to denote the source of a bit of news or a paraphrased quote.

When the source is leading it makes sense...

Source: Headline

This reads much better

> TheStreet: Facebook to launch news subscription product

I just said that it's correct. Which it is. If you don't like it, great.

This should not be downvoted. One sees the source before the colon more often than after the colon, but it is common to see the source after the colon in some publications. I see several instances (e.g., "Corporate lobbying helped derail border tax: senior Republican") on the Reuters homepage right now.

Forget it, Jake. It's Chinatown.