Not only that, their company is worth over $500B more than it was when they rebranded as Meta. They were valued around $1T at the time and around $1.5T today. So they have completely failed to accomplish anything of value or substance, anything that improves life for anybody, or anything at all related to their entire metaverse concept in that time, and yet the market has deemed that they should continue to skyrocket in value.
Which is why they do it. Stock markets don’t like idle money. For all they wasted here they made it back anyway. They’ll do it again with some other bullshit too.
Not only that, their company is worth over $500B more than it was when they rebranded as Meta. They were valued around $1T at the time and around $1.5T today. So they have completely failed to accomplish anything of value or substance, anything that improves life for anybody, or anything at all related to their entire metaverse concept in that time, and yet the market has deemed that they should continue to skyrocket in value.
Which is why they do it. Stock markets don’t like idle money. For all they wasted here they made it back anyway. They’ll do it again with some other bullshit too.