How is Meta hiding its AI infrastructure debt?
Reporting on Meta's financial structuring describes the company using complex off-balance-sheet financing vehicles, compared by analysts to Enron-era accounting, to keep an estimated $27 billion of AI data-center debt from appearing directly on its balance sheet, shifting risk onto lenders and host communities instead.
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Meta Didn’t Lose the Future. It Lost the PlotMeta burned $80B on the metaverse, pirated books for AI, and hid debt in Enron-style deals. Here's the strategic collapse, reportedly, in order.
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