| ▲ | Pragmata 6 hours ago | |
They agreed to pay some employees in their own shares to be delivered some time later. They recorded that expense then as a liability. The value of the shares increased because the company became more valuable, and therefore that liability needs to be revalued by 72 billion. It's a nice problem to have and is pretty much an accounting artifact coming from the fact that they are paying in different currencies (USD and shares) | ||
| ▲ | andxor 5 hours ago | parent [-] | |
You won't hear Ed Zitron talk about that | ||