MarketWise(MKTW) - 2023 Q4 - Annual Results

MarketWise Inc. To the Shareholders of MarketWise, Inc.: Since I last wrote, an unfortunate series of events has unfolded at a business unit within our company. A former employee of one of our subsidiaries was criminally charged by federal prosecutors last month. According to the charges, from December 2019 through August 2021, Jon Mikula was surreptitiously receiving large payments for recommending low-quality stocks to subscribers of Palm Beach Venture, while claiming falsely that his work was independent ...