He's probably referring to the fact that they were losing tons of money before coronavirus. They recently reported that they lost $276 million in Q4-2019, which

He's probably referring to the fact that they were losing tons of money before coronavirus. They recently reported that they lost $276 million in Q4-2019, which was almost double Q4-2018. Which does lead to the question, how is this company losing so much money when they are, essentially, a broker with very few fixed assets and no COGS? https://news.ycombinator.com/item?id=22561933 https://news.ycombinator.com/item?id=22561933