It's definitely indicative of immature leadership. Meta invested absolutely willy nilly in unprofitable moonshots and they're not the only ones. They could have

It's definitely indicative of immature leadership. Meta invested absolutely willy nilly in unprofitable moonshots and they're not the only ones. They could have held some cash, or paid down debt (fiscal, technical, organizational) and left themselves with cushion but they didn't. It seems like the other web 1.0 companies (Google, Apple, Amazon) are all weathering this downturn pretty comfortably.