You think a small core of incredibly rich investors care about market fluctuations?
They are making money elsewhere in their portfolio simply to offset the losses. They care way more about the political leverage than the losses that they can write off.
Profitable? Investors don't give a shit about profitability when you have politicians in your pocket.
They pay money into Meta for the political leverage, not the product.
Is that why Meta stock is down 50% from its peak?
You think a small core of incredibly rich investors care about market fluctuations?
They are making money elsewhere in their portfolio simply to offset the losses. They care way more about the political leverage than the losses that they can write off.
Who do you think has sold resulting in those losses? Retail investors?
You again missed the point, the losses don't matter. That is the cost of doing business.