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.
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-...