Last week Liberty Media announced that its Formula One Group had made a loss of $123 million in the first half of this year. Its share price fell 3% within just four minutes of the Nasdaq opening but actually the red ink shouldn't have come as a surprise.
from Forbes Real Time http://www.forbes.com/sites/csylt/2017/08/15/why-formula-one-made-a-123-million-net-loss-in-the-first-half-of-2017/
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