You can't just view Meta profits in their income statement in isolation. Profitability from the owners' perspective is very largely impacted by the stock price,

You can't just view Meta profits in their income statement in isolation. Profitability from the owners' perspective is very largely impacted by the stock price, which has plummeted. From an owner's perspective it makes sense to shore up losses when you're "losing" money (even if unrealized) in other ways. That said I'm not defending Meta and wish they became employee owned or that capitalism in general would go away.