$Meta Platforms (META.US)$ is currently making over +$51B in...

$Meta Platforms (META.US)$ is currently making over +$51B in net income (TTM), despite their Reality Labs segment losing more than $16B per year.

I view Reality Labs similar to a call option. In 3 years, either $META develops a significant new business segment, which the market will have to assign a value to, or winds the segment down, and the profits jump by 20-30%.

Even if the segment failed, in those three years, $META would burn $50B, which means investors would "risk" skipping a 3.7% dividend. In my view, a 3.7% dividend is worth skipping to have a call option on being the leader in the possible next computing platform.