posted in Technology
Five Tech Giants Are Using Enron’s Accounting Strategy to Conceal $1.65 Trillion in AI Debt
www.yahoo.com/finance/technology/ai/articles/five-tech-giants-using-enron-184404206.html
Yahoo FinanceFive Tech Giants Are Using Enron’s Accounting Strategy to Conceal $1.65 Trillion in AI DebtBig Tech hides $1.65 trillion in AI debt off its balance sheets - more than its total reported debt - using legal structures regulators still allow.
Replying to @sanitation@lemmy.today
Oh boy I can’t wait to see the future of every person under 65 and with a net worth below $100 million get basically vaporized from space. I can’t wait to be the bailout source for this… Although I don’t think there’s enough money in existence to bail this one out.
Replying to @iocase@lemmy.zip
They’re such money pits that they can’t be bailed out - give them a hundred billion dollars and they’ll be back next month for more.
They aren’t a functioning business that just needs help getting back to profitability or help with some sort term crisis, they take hundreds of billions and set it on fire.
Replying to @zurohki@aussie.zone
And deciding whether to bail them out is going to be like the onions video on America’s money hole where the debate is how much money to throw into the hole to be burned instead of whether they should do it at all.
MY FATHER WORKED TWO JOBS SO HE WOULD HAVE ENOUGH MONEY TO THROW IN THE MONEY HOLE
YouTubeShould The Government Stop Dumping Money Into A Giant Hole?