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Meta's accounting games are entirely reminiscent of Enron, who famously named their off-balance sheet debt-hiding special purpose vehicles after Star Wars "Jedi
by randycupertino 11mo ago
Meta's accounting games are entirely reminiscent of Enron, who famously named their off-balance sheet debt-hiding special purpose vehicles after Star Wars "Jedi 1, Jedi 2," Jurassic Park, "Raptors 1 through 7," and the crooked CFO's kids "LJM" etc.
- cyanydeez 11mo agoAI companies are running the same frauds as multiple, but I think cryptocurrency/FTX is more apt. They're creating artificial demand by trading contract with themselves and using those assets to make it look like they've got more revenues & assets of value.
- NewsaHackO 11mo agoI assume you have no proof of this, correct?
- cyanydeez 11mo agohttps://media.licdn.com/dms/image/v2/D5622AQGWzJ28VHg98w/feedshare-shrink_2048_1536/B56ZnFpMRwJ4A4-/0/1759957535307?e=2147483647&v=beta&t=kpwjiszh6LSAHABvbZjwRrUA06Dfk4_7yP-E3p-nBic https://media.licdn.com/dms/image/v2/D5622AQGWzJ28VHg98w/fee...