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>Is Meta actually obligated to repay the loans or not? They aren't, but they're obligated to pay leases for it (they can't just build the datacenter and then w
by gruez 1y ago
>Is Meta actually obligated to repay the loans or not?
They aren't, but they're obligated to pay leases for it (they can't just build the datacenter and then walk away), which is kind of like having to repay the "loans".
- jfengel 1y agoI'm not an accountant, but "contractually obligated to pay" sounds like a debt to me. If the Generally Accepted Accounting Principles don't require that to manifest on the balance sheet, then it sounds like the principles aren't very good ones.
- CPLX 1y agoIt’s not though. Signing a lease isn’t debt. If you rent an apartment you haven’t taken out a loan from your landlord. Being conceptually similar isn’t the same thing as identical.