$Lucid Group Inc(LCID)$ Can someone explain exactly how Lucid ever becomes meaningfully profitable? As of 9/30/22, Lucid had 1.7 bill shs o/s. Lucid seems to have limited production now and no plans on becoming a mass producer of BEVs. Even if Lucid was able to eek out a tiny profit, after spread over 1.7 bill shares, the eps would be meaningless. Even if Lucid earned $100 mill in profit, on 1.7 bill shs, the eps would only be .06/sh. So how exactly is Lucid stock even investable?
Breakingviews: Mark Zuckerberg will split Meta, take the 'verse Meta Platforms is the tale of two companies, tied together only by their potential to sell advertising and their owner Mark Zuckerberg. As big marketers tighten pocketbooks in 2023, the social media firm, which operates Facebook and Instagram, will become less of a cash machine. This will encourage its founder and chief to pluck his pet project, the metaverse, away from the rest of the business. Meta is expected to ink some US$15 billion in free cash flow in 2022, according to estimates from Refinitiv, a 60% decline from 2021, in large part because of spending on the virtual universe. But cash flow from Meta’s operations alone — mostly the business without spending on the metaverse — would represent a yield of 15%. That’s thre