Number of the Day: 1,650,000,000,000 This is the total value of debt Alphabet, Amazon, Meta, Microsoft, and Oracle are using accounting tricks to keep it off the books, and it is legal. Here is how they do it - the company packages the debt for data center chips, servers, and power into a separate legal entity, often a joint venture, so the cost never appears on or flows through its own books/accounting.Meta’s off-balance-sheet debt is about $420B, nearly triple its reported debt. Oracle’s off-blance-sheet debt has grown roughly thirtyfold in four years. The companies insist future earnings will more than cover the bills when they become due. https://thenextweb.com/news/tech-giants-hidden-off-balance-sheet-debt-ai #AI #Debt #BalanceSheet #Accounting #Transparency #Investing #Meta #Oracle #OffBalanceSheet-Debt #AIDataCenters #AIBuildOut #JointVenture #Microsoft #Amazon
Number of the Day: 1,650,000,000,000 This is the total value of debt Alphabet, Amazon, Meta, Microsoft, and Oracle are u...
