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☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 10 days ago

Anthropic just pulled the accounting trick used by companies during 2000 bubble by hiding $108 billion worth of expenses via convertible notes redeemable at IPO.

lemmygrad.ml

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Anthropic just pulled the accounting trick used by companies during 2000 bubble by hiding $108 billion worth of expenses via convertible notes redeemable at IPO.

lemmygrad.ml

☆ Yσɠƚԋσʂ ☆@lemmygrad.ml to US News@lemmygrad.mlEnglish · 10 days ago
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Dotcom firms often paid suppliers, ad agencies, lawyers and even landlords with stock or equity to save cash. AOL swapped shares for services and ads (e.g., Homestore, DrKoop). Telecom suppliers like Lucent, Cisco and Nortel used vendor financing, sometimes with equity or warrants, to drive equipment sales.

https://www.sec.gov/Archives/edgar/data/2130357/000162828026067168/anthropicpbc-sx1.htm

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  • a3sar@lemmygrad.ml
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    10 days ago

    Please pop please pop. I’m tired of all the fake hype and obvious ai propaganda I wanna see the US economy burn to the ground

  • senseamidmadness@lemmygrad.ml
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    10 days ago

    Everything old is new again, and these AI companies can only use creative accounting for so long to keep investors…I wonder when the money will dry up.

    • Dreammunist@lemmygrad.ml
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      10 days ago

      Hopefully coinciding with the crushing defeat of the imperialists in west Asia along with the ascension of the century of Chinese domination

  • Cletus@lemmygrad.ml
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    10 days ago

    Here’s a good video about Nortel https://m.youtube.com/watch?v=I6xwMIUPHss&pp=

    By good I mean well made

    • barrbaric [he/him]@hexbear.net
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      10 days ago

      BobbyBroccoli’s stuff is great!

    • TankieReplyBot@lemmygrad.mlB
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      10 days ago

      I found a YouTube link in your comment. Here are links to the same video on alternative frontends that protect your privacy:

      • yewtu.be
      • inv.nadeko.net
      • yt.artemislena.eu
      • piped.video
  • AppetiteOfExcess [she/her]@hexbear.net
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    9 days ago

    I wanna see how my employer (who recently finalized a contract with Anslopic) tries to wriggle their way out of this jam.

    • ☆ Yσɠƚԋσʂ ☆@lemmygrad.mlOP
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      9 days ago

      They’re just gonna have to switch to one of the many Chinese vendors when the bubble in the US pops.

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