&gt; FB was making a loss last year<p>They don&#x27;t make actual losses - they pay all of their profits as &quot;license fees&quot; to some offshore entity to get their accounting show no profits. This probably means Luxemburg or Netherlands where they have a personalized deal with the tax authorities and the taxation of immaterial property is very low.<p>In reality they made a shitload of money, and are using creative accounting to make it look like they made a loss. This is tax evasion, not making a loss.