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

They borrow.

Many companies have cash reserves too, so they may be dipping into their savings.

Also, net income being negative could be from many things, not just operating expenses (ie. Depreciation of an asset where losses haven’t been locked in yet)