Comment by siliconpotato
3 months ago
There are better articles explaining this: https://www.forbes.com/sites/petercohan/2025/11/25/metas-ai-... and https://www.wsj.com/tech/meta-ai-data-center-finances-d3a6b4...
3 months ago
There are better articles explaining this: https://www.forbes.com/sites/petercohan/2025/11/25/metas-ai-... and https://www.wsj.com/tech/meta-ai-data-center-finances-d3a6b4...
The Forbes article says that "to be an operating lease [...] Meta must have the obligation to absorb the venture’s losses or the right to receive its benefits."
I don't know enough about finance to tell for sure, but this seems backwards?
it seems to mean that Meta would have to "rent" the whole operation (with all the potential upside and downside)