4 ms·
Their promise to accelerate profitability was likely for their own operations and not their investments (where presumably they have much less control). $8.5B is
by viscanti 4y ago
Their promise to accelerate profitability was likely for their own operations and not their investments (where presumably they have much less control). $8.5B is a pretty big loss, but it might be unrelated to their actual business. That said, investors would be buying the operational business (still at a loss but EBIDTA profitable and seemingly making progress to overall profitability every quarter) and the Investment business (seems to continually lose money).