sanitation@lemmy.today to Technology@lemmy.worldEnglish · 10 days agoFive Tech Giants Are Using Enron’s Accounting Strategy to Conceal $1.65 Trillion in AI Debtwww.yahoo.comexternal-linkmessage-square79linkfedilinkarrow-up11arrow-down10
arrow-up11arrow-down1external-linkFive Tech Giants Are Using Enron’s Accounting Strategy to Conceal $1.65 Trillion in AI Debtwww.yahoo.comsanitation@lemmy.today to Technology@lemmy.worldEnglish · 10 days agomessage-square79linkfedilink
minus-squareGerudo@lemmy.ziplinkfedilinkEnglisharrow-up0·9 days agoI’m not a finance wiz but would that mean these 5 companies are carrying around 3 trillion total debt? My bank won’t even let me owe them 20 bucks without penalties.
minus-squareLost_My_Mind@lemmy.worldlinkfedilinkEnglisharrow-up0·9 days agoIf you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem. I mean, that quote maybe needs to be updated for inflation, but you get the idea.
I’m not a finance wiz but would that mean these 5 companies are carrying around 3 trillion total debt? My bank won’t even let me owe them 20 bucks without penalties.
If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem.
I mean, that quote maybe needs to be updated for inflation, but you get the idea.