Quote:
Originally Posted by balltrash
Not speaking to WhatNot's value and/or if they actually make any money but, and this is hard to fathom, Sotheby's LOST $106 million in 2023 and upped that to $248 million for 2024. Will be interesting to see how much they can loose on $6 billion in sales this year...
|
I'm not an economist so pardon what might be obvious, but how does a company that has zero cost of goods lose a quarter billion in a year?