Meta the company doesn't need profitability. It owns Facebook, Instagram, and Whatsapp. Meta and Metaverse aren't the same thing, despite people using them interchangeably.
Facebook is profitable to all governments and businesses in terms of data harvesting and marketing, regardless of any "on paper" value. It'll never die, for as long as it has those benefits the governments of the world will keep paying into it. Same with the other two. Whatsapp especially is even better because its what a lot of poorer foreign countries and "burner phone" people use, who wouldn't use the other two much.
Metaverse, the VR shit, has minimal userbase or adoption rate and is likely why their stock and layoffs keep happening.
Meta the company doesn't need profitability. It owns Facebook, Instagram, and Whatsapp. Meta and Metaverse aren't the same thing, despite people using them interchangeably.
Facebook is profitable to all governments and businesses in terms of data harvesting and marketing, regardless of any "on paper" value. It'll never die, for as long as it has those benefits the governments of the world will keep paying into it. Same with the other two. Whatsapp especially is even better because its what a lot of poorer foreign countries and "burner phone" people use, who wouldn't use the other two much.
Metaverse, the VR shit, has minimal userbase or adoption rate and is likely why their stock and layoffs keep happening.