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
Don’t even talk about bailouts, it’s totally unacceptable this time. These companies ARE NOT essential, and are not too big to fail.
Their debts are by Venture Capitalist investors, and by billionaires from the dot com bom. They have the money to fail.
This time we let them fail.
I WANT TO SEE REPO MEN AND BANK OFFICIALS MARCHING INTO MANSIONS TO RECLAIM THE MONEY.
Let some of these assholes live in trailer parks.
Replying to @DarkCloud@lemmy.world
The issue is that they became part of everyone’s 401k so the bootlickers and greedy fucks in Congress will tell us they’re 100% essential because if they fail you lose your retirement.
I hate this system… Redistribution of wealth for the rich, rugged individualism for the pleb.
Replying to @Asafum@lemmy.world
They aren’t even public companies yet. They are not a part of everyone’s 401ks.
MS, AMZN, Oracle, & NVDA were around before this, and will exist even when the bubble pops. Literally zero reason for a bailout.
Replying to @moustachio@lemmy.world
There is a very good chance that Oracle doesn’t survive if OpenAI tanks.
Ed Zitron's Where's Your Ed AtPremium: How OpenAI Kills OracleSoundtrack — Brass Against — Karma Police
It was January 21, 2025. Per The Information, Larry Ellison, CEO of Oracle, had just flown to Washington DC from Florida, and had to borrow a coat “...so he wouldn’t freeze during an interview he did on the White House lawn, according to twoReplying to @Jaysyn@lemmy.world
Okay? That still doesn’t mean they should receive a cent of bailout money. They’ve been declining for a while and that’s not the U.S. Taxpayer’s problem.
Replying to @moustachio@lemmy.world
I never said a thing about bailouts. No one is baling these assholes out. They don’t employee enough people to be important enough in the grand scheme of things to be afforded a bailout. Also, there isn’t enough money to bail them out, because they will never be profitable and they know that. That’s why they are angling to steal our retirement.