80% of Silicon Valley companies have no profitable quarters, are propped up by Venture Capital (CIA/NSA money laundering fronts 80% of the time) until they hobble over the IPO finish line and shares can be dumped on credulous boomers for a huge payday and control of the internet
Just FYI whenever you wonder "how does [huge, ubiquitous Silicon Valley company that isn't Amazon] even make money, what's their business model"
They don't and they don't have one, but that's besides the point
There's a certain SV company that's like the poster child of this shit with a "place an ad with us!" business model that already flopped early into the Dot Com bubble, you may recognize it by its symbol of a blue bird
Say Ola-Uber !