MarketWise Drops Over 25% After CEO Resigns: Sale Of His Porter & Co. To Company 'Like Trying To Share A Ham Sandwich With A Pit Bull'
Portfolio Pulse from Michael Juliano
MarketWise Inc. (NASDAQ:MKTW) shares dropped over 25% after CEO Porter Stansberry announced his resignation. Stansberry cited failed negotiations for the sale of his other company, Porter & Co., to MarketWise as the reason for his departure.
August 12, 2024 | 5:20 pm
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MarketWise Inc. (NASDAQ:MKTW) shares dropped over 25% following the resignation of CEO Porter Stansberry. The resignation was due to failed negotiations for the sale of Porter & Co. to MarketWise.
The resignation of the CEO and founder, Porter Stansberry, has led to a significant drop in MarketWise's stock price. The failed negotiations for the acquisition of Porter & Co. have created uncertainty about the company's future direction and leadership.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100