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Meta is so profitable with its ad network it can spend tens of billions of dollars on money-losing losing projects and the stock still keeps going up, and the P
by paulpauper 1y ago
Meta is so profitable with its ad network it can spend tens of billions of dollars on money-losing losing projects and the stock still keeps going up, and the PE ratio is not that high either. Crazy.
- pragmatic 1y agoIsn't that what they said about Google/alphabet?
- yndoendo 1y agoAmazon does this with Jeff Bezos' project Alexa [0]. We really need to start taxing these companies appropriately. Sad that the US treats business better then their own citizens. A business that goes bankrupt can shed their debt while a person goes bankrupt will retain their debt. [0] https://arstechnica.com/gadgets/2024/07/alexa-had-no-profit-timeline-cost-amazon-25-billion-in-4-years/ https://arstechnica.com/gadgets/2024/07/alexa-had-no-profit-...