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US News@lemmygrad.mlby☆ Yσɠƚԋσʂ ☆@lemmygrad.ml
15 days

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 English

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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    • AppetiteOfExcess [she/her]@hexbear.netEnglish
      14 days

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

        • ☆ Yσɠƚԋσʂ ☆@lemmygrad.ml
          14 days

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

        • senseamidmadness@lemmygrad.mlEnglish
          14 days

          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
              14 days

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

            • a3sar@lemmygrad.ml
              15 days

              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

              • Cletus@lemmygrad.ml
                14 days

                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.netEnglish
                    14 days

                    BobbyBroccoli’s stuff is great!

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