> 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.)