How Meta's financing structure for its $27B Louisiana data center, which helps it keep debt off its books, hinges on some convenient accounting assumptions
“... a marvel of financial engineering: Meta Platforms is building a $27 billion data center in Louisiana, financed with debt, and neither the data center nor the debt will be on its own balance sheet...
Nvidia refuted accounting questions in a memo to analysts, saying “Unlike Enron, Nvidia does not use Special Purpose Entities to hide debt and inflate revenue”
A series of prominent stock sales and allegations of accounting irregularities have put Nvidia NVDA +2.05% in the middle …
Jim Chanos, who famously shorted Enron, calls Michael Saylor's bitcoin strategy “financial gibberish”, as Saylor inspires several copycats like Trump Media
Peter Whoriskey / Washington Post :
John Ray III tells the House that FTX has a “paperless bankruptcy” due to an “unprecedented” lack of documentation, FTX and Alameda were not distinct, and more
the same hearing ex-CEO Sam Bankman-Fried was expected to speak at before his arrest Bennett Tomlin / Protos : New FTX chief describes the firm's collapse in bankruptcy testimony Tweets: @zerohedge : ...
Filings: FTX CEO John Ray III, who ran Enron's bankruptcy process, slams SBF's “unprecedented” management, describing a “complete failure of corporate controls”
Programming note: Money Stuff will be off tomorrow, back on Monday. Rohan Goswami / CNBC : Bahamas regulators confirm they're holding some of FTX's assets Laurie Dunn / Crypto Daily : Is The FTX Debac...
Bankruptcy filings: FTX CEO John J. Ray III, who oversaw Enron, condemns SBF's “unprecedented” management, describing a “complete failure of corporate controls”
The former FTX CEO's unconventional style is under the spotlight as bankruptcy professionals pore over the exchange's collapse.
FTX claims the company was hacked, telling users to delete FTX apps, not install app updates, and not to visit FTX.com, after $600M+ in crypto left its wallets
trustless, permissionless, uncensorable crypto—is the only path forward for the future. This week, we grieved. Next week, we build. @cz_binance : What a sh!t show... And it's going to be crypto's faul...
Miami-Dade County and the Miami Heat are ending their arena naming rights deal with FTX; the county had signed a 19-year, $135M deal for the rights in 2021
one! — of the nineteen — nineteen! — years. 🏀🔥 https://www.espn.com/... https://twitter.com/... @grindingpoet : Looks like FTX took the page out of Enron playbook. Enron bought naming rights to a stad...
Facebook says it accidentally removed thousands of posts around the Jan. 6 riots from CrowdTangle, blaming a now-fixed error that has existed since at least May
The social media company said it was a technical error, and has been fixed, but tens of thousands of posts are still missing. Tweets: @markscott82 , @natematias , @markscott82 , @jason_kint , @profcar...
HeadSpin to return ~$95M to investors and has replaced its CEO after an internal review of financial irregularities; its valuation now down from $1.16B to $250M
HeadSpin, a mobile app testing company recently valued at $1.16 billion, plans to return up to $95 million in funding to investors … Tweets: @om , @yongfook , @fansince09 , @edbott , @mrinaldesai , @r...