Meta:Net Income for 2021: $39 Billion. Cash on the balance sheet as of 2021Q4: $16 BillionNet Income for 2022 first 3Q: $18 BillionCash on the balance sheet as of 2022Q3: $14 BillionSimilar story across many large tech companies. It's not that they are in the red, it's just that instead of making tens of billions in profit now they are only making handful of billions in profits.Let's make god awful amount of money using workers and then throw them out when there is a slight indication of slowing of profits.Oh... the poor billionaires...

Meta:Net Income for 2021: $39 Billion. Cash on the balance sheet as of 2021Q4: $16 BillionNet Income for 2022 first 3Q: $18 BillionCash on the balance sheet as of 2022Q3: $14 BillionSimilar story across many large tech companies. It's not that they are in the red, it's just that instead of making tens of billions in profit now they are only making handful of billions in profits.Let's make god awful amount of money using workers and then throw them out when there is a slight indication of slowing of profits.Oh... the poor billionaires...

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