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by gmerc 1003 days ago
Most of their losses was in the last 1.5 years. They actually could have been profitable. They are not sustainable because of mismanagement and massively failed bets. “We got greedy but don’t worry, you’ll pay for it” doesn’t have the best ring to it.
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They were profitable from 2013 until around 2016, beginning the buildup to IPO...