Understating depreciation by extending useful life of assets artificially boosts earnings -one of the more common frauds of the modern era.
Massively ramping capex through purchase of Nvidia chips/servers on a 2-3 yr product cycle should not result in the extension of useful lives of compute equipment.
Yet this is exactly what all the hyperscalers have done. By my estimates they will understate depreciation by $176 billion 2026-2028.
By 2028, ORCL will overstate earnings 26.9%, META by 20.8%, etc. But it gets worse. More detail coming November 25th. Stay tuned.
@InspireSaga@libsoftiktok No, it’s just mental illness, that’s where her anxiety acting comes from. She just unknowingly miss directs it.. it’s called victim hood
To enter the contest, simply RT the main post of this thread, follow @PlayPudgyParty, and comment below. That’s it!
Pre-register for Pudgy Party on the App Store or Play Store using this link: https://t.co/05OyiB00hD
Now this is mind blowing
Joe Rogan “Kids Wish Network:
- They raised $127 million
- They paid to solicitors $109 million
- They spent percentage on direct cash
- Aid to the actual kids is ONLY 2.5%
- Look at the Cancer Fund of America. LESS THAN 1% went to the actual thing”