> FB was making a loss last year They don't make actual losses - they pay all of their profits as "license fees" to some offshore entity to get their accountin

> FB was making a loss last year They don't make actual losses - they pay all of their profits as "license fees" to some offshore entity to get their accounting show no profits. This probably means Luxemburg or Netherlands where they have a personalized deal with the tax authorities and the taxation of immaterial property is very low. In reality they made a shitload of money, and are using creative accounting to make it look like they made a loss. This is tax evasion, not making a loss.