True in the article headline they say earnings, while in the article text they speak about net revenue. That’s what I get for skimming again. Point stands though, they’re essentially reducing their own market volume, so it is still a loss.
It’s only a loss if their expenses are greater than their revenue. We don’t know the full financials so it’s really not possible to say whether or not it’s a loss. It’s hard to believe it was a loss, but we don’t know.
Revenue != Profit
True in the article headline they say earnings, while in the article text they speak about net revenue. That’s what I get for skimming again. Point stands though, they’re essentially reducing their own market volume, so it is still a loss.
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It’s only a loss if their expenses are greater than their revenue. We don’t know the full financials so it’s really not possible to say whether or not it’s a loss. It’s hard to believe it was a loss, but we don’t know.