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Roses are red, Meta is blue, Reality Labs lost $4.5 billion during Q2 (www.gamedeveloper.com)

submitted 3 months ago by simple@lemm.ee to c/technology@lemmy.world

34 comments fedilink hide all child comments

What the hell are they even spending all this money on when they don't have much to show for it?

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[–] wewbull@feddit.uk 20 points 3 months ago (2 children)

And I assume all the shareholders were fine with this?

[–] MudMan@fedia.io 46 points 3 months ago

For context, Meta reported 40 billion in revenue during that period, with 24Bn in expenses and made 13bn for the period. All those numbers are up from the same period last year.

So I'm gonna go with "probably, yeah".

[–] stormesp@lemm.ee 17 points 3 months ago* (last edited 3 months ago) (1 children)

i mean, the main concern for most shareholders is the stock price, and meta stock price in the last 6 months has gone up 20% and 47% on the last year, im pretty sure most of them are happy as long as the bubble keeps going up

[–] credo@lemmy.world 7 points 3 months ago (1 children)

I mean, that’s kinda circular isn’t it? Them being happy, being why the stock goes up.

[–] stormesp@lemm.ee 5 points 3 months ago (1 children)

Thats debatable, he asked if shareholders were happy with meta burning billions, if the shareholders werent happy they would be looking for an out and making the stock price go down, them being fine with it makes it so buying stock becomes more expensive as people is holding and the value goes up.

[–] credo@lemmy.world 1 points 3 months ago

Are we not saying exactly the same thing?