secwatch.observer — SEC 8-K summary
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Issuer:     MARKETWISE, INC. (MKTW)
CIK:        0001805651
Form:       8-K
Filed at:   2024-08-14T23:59:59+00:00
Accession:  0001628280-24-037047
Event type: leadership
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

MarketWise reports Q2 GAAP net income $21.2M, names interim CEO David Eifrig
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- Q2 GAAP net revenue $105.0M, net income $21.2M vs prior-year $103.6M and $9.7M.
- Paid subscribers 645,259 as of June 30, down 14% from 750,287 a year ago.
- David 'Doc' Eifrig appointed interim CEO after founder Porter Stansberry stepped down.
- Legacy Research business dissolved amid mismanagement; wind-down largely complete.
- Company exploring large share repurchase and acquisition of quality financial brands.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1805651/000162828024037047/0001628280-24-037047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1805651/000162828024037047/mktw-20240814.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-037047

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer