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Wait are the hyperscalers booking unrealized gains as income? Or are they selling their positions?
by supermdguy 15d ago
Wait are the hyperscalers booking unrealized gains as income? Or are they selling their positions?
- luke5441 15d agoAs far as I understand GAAP reporting standards actually require them to report gains on those positions as "earnings". But they do report non-GAAP earnings sometimes excluding them. E.g. Google earnings per share last quater is $9.11 GAAP vs $2.85 non-GAAP (mainly because of SpaceX shares).
- iknowSFR 15d agoA recent Zitron claim is that they’re booking unrealized gains tied to these private labs. Google’s net revenues being a recent example.
- wesammikhail 15d agoIt's not a "Zitron claim". it's literally in the filings...
- jtcond13 15d agoUseful piece on this from Owen Lamont: https://www.acadian-asset.com/investment-insights/owenomics/waiter-theres-a-p-in-my-e https://www.acadian-asset.com/investment-insights/owenomics/...
- charleslmunger 15d agohttps://finance.yahoo.com/news/warren-buffett-decries-accounting-rule-change-that-has-made-a-mess-of-berkshires-earnings-142751564.html https://finance.yahoo.com/news/warren-buffett-decries-accoun...