> The company’s dire finances — it made a loss of $221mn in 2021 before the acquisition
GAH. You'd expect the FT to be better than this - they actually made $579mn but had to pay an $800mn lawsuit settlement (caused by people playing fast and loose with the FTC consent decree - something the current management seems to be doing too!)
(Now admittedly $579mn isn't that much for $5bn revenue but it's distinctly positive and more importantly, was moving in the right direction compared to the previous years.)
Readit News
GAH. You'd expect the FT to be better than this - they actually made $579mn but had to pay an $800mn lawsuit settlement (caused by people playing fast and loose with the FTC consent decree - something the current management seems to be doing too!)
(Now admittedly $579mn isn't that much for $5bn revenue but it's distinctly positive and more importantly, was moving in the right direction compared to the previous years.)