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Meta's auditor Ernst & Young raised a red flag over the financial engineering Meta used to keep its $27B Hyperion data center project off its balance sheet

Meta Platforms' latest annual report contained an unusual, cautionary note for investors.  —  The tech giant's auditor …

Wall Street Journal Jonathan Weil

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Discussion

  • @zerohedge @zerohedge on x
    Oh, so the auditor figured out the tens of billions in off-balance sheet exposure?
  • @jbulltard1 @jbulltard1 on x
    cool so now $META is enron [image]
  • @jordannovet.cnbc.com Jordan Novet on bluesky
    data center accounting treatment as critical audit matter www.wsj.com/livecoverage...
  • r/BetterOffline r on reddit
    Meta Auditor EY Raised Red Flag on Data-Center Accounting