this post was submitted on 09 May 2026
389 points (94.5% liked)

Technology

84449 readers
3634 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related news or articles.
  3. Be excellent to each other!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, this includes using AI responses and summaries. To ask if your bot can be added please contact a mod.
  9. Check for duplicates before posting, duplicates may be removed
  10. Accounts 7 days and younger will have their posts automatically removed.

Approved Bots

founded 2 years ago
MODERATORS
L3s@lemmy.world
enu@lemmy.world
technopagan@lemmy.world
L4s@lemmy.world
L3s@hackingne.ws
389
Meta Is Dying. It’s About Time. (www.nytimes.com)
submitted 18 hours ago by mysticpickle@lemmy.ca to c/technology@lemmy.world
84 comments fedilink hide all child comments
 

Increasingly, Meta has been using debt to fuel its spending, amassing $59 billion in long-term debt on its balance sheet by the end of 2025, double the prior year’s total. And that doesn’t count the “aggressive” accounting it has used to keep the cost of a $27 billion Louisiana data center off its books. “The spending growth looks increasingly unsustainable,” The Wall Street Journal’s “Heard on the Street” columnist Asa Fitch wrote this week.

Now, as the company careens from one staggeringly expensive misadventure to another, its cash-cow core business is starting to wear out. Last quarter, the number of daily active users across its properties declined for the first time to 3.56 billion from 3.58 billion.

you are viewing a single comment's thread
view the rest of the comments
[–] dgriffith@aussie.zone 35 points 11 hours ago (5 children)

How

the FUCK

can a single datacentre cost

TWENTY SEVEN BILLION

dollars?

[–] ChunkMcHorkle@lemmy.world 40 points 10 hours ago (1 children)

Well, you have the actual, physical cost of the datacenter -- the land, the design, the engineers, the permits, the environmental studies, the lawyers, the construction, etc -- and then you have the cost of removing roadblocks along the way. Especially in Louisiana, if you're not familiar with Huey Long: he's been gone for many decades, but his way of doing business down there hasn't changed a bit.

It's exactly like the East Wing ballroom: there's a private fund that Trump opened specifically for businessmen to contribute that will fund the ballroom construction, which has been open and taking donations since he tore the East Wing down, and there's also the bill before Congress, right now, that will have the ballroom paid for by tax dollars, all of it.

"But," you may ask, and rightly so, "why are private contributions needed to fund a ballroom that will be funded entirely by taxes?" and the answer to that is, "Yes."

One of the sure signs you're in a banana republic is that every palm must be greased on the way to getting legal consent for anything, no matter how small. The US is now no different.

[–] Buddahriffic@lemmy.world 3 points 1 hour ago* (last edited 1 hour ago)

Funny how you use the term "banana republic" to mean "corruption that wasn't in the US" when the situation that coined the term was created by American imperialism in the first place.

Edit: not disagreeing with you btw, just found that specific use of words ironic, given the background.

[–] Stiggyman@ani.social 15 points 11 hours ago

RGB :3

[–] frightful5680@lemmy.world 4 points 9 hours ago

Gimme the money I'm going on a world home building and feeding tour. I'm mansa musa 2.0

[–] brachiosaurus@mander.xyz 2 points 9 hours ago

They have been keeping track of every website you visit for at last two decades

[–] anon_8675309@lemmy.world 2 points 9 hours ago

RAM prices bruh.

/s