Even after losing this much, the reported profit for the current qtr is $11 billion. Aswath Damodaran did an analysis of Meta and calculated even if the $100B i

Even after losing this much, the reported profit for the current qtr is $11 billion. Aswath Damodaran did an analysis of Meta and calculated even if the $100B invested yield 0 in downstream revenue and value it is not impacting valuation of Meta much. I see no reason to take this bet, it may not be best executed but kind of investment I expect to see from trillion-dollar companies.