I said months ago when they announced layoffs that Meta is fine. They are a literal cash volcano. Zucks foray into the metaverse to the tune of 10B/year is dumb

I said months ago when they announced layoffs that Meta is fine. They are a literal cash volcano. Zucks foray into the metaverse to the tune of 10B/year is dumb, but it's a cash expense. Eventually he'll tone that investment down and that expense will flow right to the bottom line. Full disclosure, I am long Meta.