meh, I think they're just operating like tech companies have in the past: trying to become popular and sacrificing profits temporarily in hopes they win out as the popular one and become profitable in the future - so it's kind of like a game of musical chairs
Twitter (now X) took more than a decade to achieve its first annual profit. Founded in 2006 and going public in 2013, the company struggled with monetization despite massive user growth.
In stark contrast, Meta (formerly Facebook) was profitable almost immediately. Founded in 2004, the company began generating profits just four years later in 2008.
meh, I think they're just operating like tech companies have in the past: trying to become popular and sacrificing profits temporarily in hopes they win out as the popular one and become profitable in the future - so it's kind of like a game of musical chairs