Facebook is worth more than $450 billion but has never paid a single penny in dividends. That’s all you need to know about just how fake so much of our economy has become.
Many companies pay little to nothing in dividends, acting on the idea that a rising share price provides plenty of substitue gains on an investment, if someone wants and needs to take them, even if no dividend is paid. Not paying dividends means a company is either (a) not doing well or (b) is doing well but reinvesting earnings. Most Facebook shareholders seem to think it is the latter. Dividends or no divdends are not an exclusive barometer of how well a company is doing.
Facebook and other current tech leaders are not unusual in the history of technology companies when it comes to paying dividends. Microsoft was listed for 18 years before it started paying dividends.
https://www.dividend.com/investor-resources/sp-500-companies-that-dont-pay-dividends/
This is no defense of Facebook as to what are its user policies or its censorship and manipulation of what its users see.