Not only that, their company is worth over $500B more than it was when they rebranded as Meta. They were valued around $1T at the time and around $1.5T today. So they have completely failed to accomplish anything of value or substance, anything that improves life for anybody, or anything at all related to their entire metaverse concept in that time, and yet the market has deemed that they should continue to skyrocket in value.
Gotta pad that balance sheet with losses. Can’t be paying taxes if you can write off speculative ventures that just might pay off fund other misadventures.
They lose $80B and are still in business? That’s insane.
Not only that, their company is worth over $500B more than it was when they rebranded as Meta. They were valued around $1T at the time and around $1.5T today. So they have completely failed to accomplish anything of value or substance, anything that improves life for anybody, or anything at all related to their entire metaverse concept in that time, and yet the market has deemed that they should continue to skyrocket in value.
Also, there are still people dying of hunger.
Gotta pad that balance sheet with losses. Can’t be paying taxes if you can write off speculative ventures that just might
pay offfund other misadventures.