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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. (thelemmy.club)
submitted 3 days ago by 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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[–] 32 points 3 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

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    [–] 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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    • [–] 4 points 2 days ago (1 child)

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

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    • [–] 11 points 3 days ago* (2 children)

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

    By good I mean well made

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