just looking now at their revenue breakdown and i see that last year only 180m is classified as 'commission/fee revenue). it is possible the reductions only relate to this amount. still huge when you reduce that by 27% but doesn't wipe out all profit and gives them several years to adjust.
then again this could be wrong because the clowns writing the announcement didn't take 2 seconds to consider what questions might arise.
VTG Price at posting:
$1.29 Sentiment: None Disclosure: Held