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"Meta is losing money because it changed strategies." While the stock price has gone down, Meta is NOT losing money: the company as a whole remains profitable
by pasttense01 4y ago
"Meta is losing money because it changed strategies."
While the stock price has gone down, Meta is NOT losing money: the company as a whole remains profitable despite massive losses in the metaverse project. The recent results a few days ago "Net income was $4.4 billion" for the third quarter.