Comment by simonw
20 hours ago
It's still notable that, by whatever black magic accounting they are using, their number was $9bn in December and $30bn in April.
20 hours ago
It's still notable that, by whatever black magic accounting they are using, their number was $9bn in December and $30bn in April.
Not at all, because the magic can be applied differently at different times. They're undergoing a funding run now so they've got a massive incentive to come up with all kinds of revenue.
They've also signed a deal for billions in compute with xAI for april-may so they're certainly using that to fake billions in revenue using non-GAAP bullshit. It just seems a tad more likely than them legitimately increasing actual revenue by 233% in four months out of the blue.
Sorry man I hate to say this but you and many others need to stop commenting on accounting, finance and economics as its clearly way out of your realm of expertise.
Do you know what revenue recognition is? Do you know what accrual accounting is? Do you know of the phenomenon that is 'managed earnings'?
The only true objective number in finance is cash flows.