Meta became what tv channels like history channel became:

Cheap entertainment for the masses.

Does it make money? Obviously.

And funny enough they have so much money and what do they do actually with it?

Nothing someone can actually name besides: the feed, messenger, occulus and stuff they bought up like insta and Whatsapp.

Congratulations to Facebook and basically no real innovation in the last 10 years.

Besides optimizing the addictiones of garbage which got easily trumped by TikTok.