How can certain publicly traded companies survive as a business despite massive losses in net income?

Question

For example, Snap Inc. (Snapchat) had a net income of – $1.43 Billion in 2022.

In: Economics

Answer 1

Verizon bought AOL and Yahoo to merge with their own Go90 platform which they thought they were going to be able to compete with Netflix with. No one seriously thought this was going to work, but stupid rich investors treat investing like gambling. Yup, it failed. Theres also the understanding of a bailout. Seems like every decade theres some reason to require one… I think corporations are figuring that likeliness in their balance sheets in one form or another.