Meta has always been immensely profitable. It was hit this year because investors didn’t like how hard mark was going into the reality labs stuff and that also

Meta has always been immensely profitable. It was hit this year because investors didn’t like how hard mark was going into the reality labs stuff and that also reminded them that he can do whatever the hell he wants, including making no money for extended periods of time. Their recent layoffs and this reports continued capex cuts show that mark is committed to keeping his investors happy which is why we’re seeing the bounce back.