All System1s are a goMarketing guru System1 gives investors its fourth-quarter report and, needless to say, it’s been an up-and-down affair.
- Shares spiked 95% on Tuesday, with revenues up 48% at $239m, compared to the $161m in Q4 of 2020. The move continues positive sentiment for SST, up around 100% since its launch on the NYSE on Jan 28.
- Buuuut they came straight back down, with shares eventually falling 45% from its brief high of $37. Trading even had to be paused for volatility – since System1 has only just had its IPO, this volatility perhaps isn’t as unusual as it seems at first glance.
- The ad biz platform IPOd after a SPAC merger with Trebia Acquisition Corp. However, the SEC’s latest proposed crackdown on SPACs would leave such acquisitions like Trebias open to investor lawsuits for over-promising on business forecasts.
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