Cloud 9fin cover image

This probably won't be a System1-time thing

Cloud 9fin

CHAPTER

The Fluctuating Fortunes of System 1 and its Financial Implications

This chapter explores Bank of America's investment in System 1 during a period of perceived business value, juxtaposed with the subsequent financial struggles following an economic downturn. It highlights the sharp decline in EBITDA and the inherent risks in ambitious business ventures.

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