senseamidmadness comments on 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.

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. (thelemmy.club)

submitted 3 days ago by yogthos@lemmygrad.ml to c/us_news@lemmygrad.ml

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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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[–] senseamidmadness@lemmygrad.ml 22 points 3 days ago (1 child)

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.

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[–] Dreammunist@lemmygrad.ml 22 points 3 days ago

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

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