But less than two years in, the Sphere is a money pit that even U2, members of the Grateful Dead, Darren Aronofsky, and the Eagles haven’t been able to make profitable. Since its parent company, Sphere EntertainmentSPHR $28.06 (3.47%), started breaking it out as a separate unit in the middle of 2022, the Sphere has seen a staggering $1.18 billion total operating lossI am shocked to read this! I thought the sphere was a hot ticket. It’s not a sustainable business model!!! I’m shocked!
Wow. It must cost a fortune to run that thing.
Yeah James Dolan got his hands full
This way, only those who are very close can make money (a lot of money)...usually the shareholders or their close relatives.
And it is only possible with short-term trading (scalping)...I think