Wait are the hyperscalers booking unrealized gains as income? Or are they selling their positions?

luke5441 7 hours ago | parent | next [-]

As 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).

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jtcond13 6 hours ago | parent | prev | next [-]

Useful piece on this from Owen Lamont:

https://www.acadian-asset.com/investment-insights/owenomics/...

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charleslmunger 5 hours ago | parent | prev | next [-]

https://finance.yahoo.com/news/warren-buffett-decries-accoun...

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iknowSFR 7 hours ago | parent | prev [-]

A recent Zitron claim is that they’re booking unrealized gains tied to these private labs. Google’s net revenues being a recent example.

	▲	wesammikhail 6 hours ago \| parent [-]
		It's not a "Zitron claim". it's literally in the filings...