this post was submitted on 23 Jul 2026
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Five Tech Giants Are Using Enron’s Accounting Strategy to Conceal $1.65 Trillion in AI Debt (www.yahoo.com)
submitted 18 hours ago by sanitation@lemmy.today to c/technology@lemmy.world
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[–] TankovayaDiviziya@lemmy.world 17 points 8 hours ago

Five companies owe more money than their balance sheets admit. A Nikkei analysis of financial footnotes at Alphabet, Microsoft, Amazon, Meta, and Oracle found $1.65 trillion in off-balance-sheet obligations tied to AI infrastructure — binding, must-pay commitments parked in the fine print

Good thing I don't invest in these big names, not only because of overvaluation but also because of corruption. My mom told me to be careful with investing because companies go bankrupt but i kinda dismissed her concerns because I am thinking that the days of Enron accounting magic is over. But it looks like it's still alive and well. Although I doubt executives will be held accountable.