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2026-10-21 00:08:04 UTC

Zach Weinersmith on Nostr: Are we gonna do this, Bluesky? Are we all just gonna not understand accounting? 72B$ ...

Are we gonna do this, Bluesky? Are we all just gonna not understand accounting?

72B$ of the 80B$ is convertible notes. They became greater liabilities because the company's valuation skyrocketed. They don't have an 80B$ loss in the sense that almost everyone here is imagining.

RE: https://bsky.app/profile/did:plc:jbvnehrrdqoulco4rf5gxg5r/post/3mydhqnki2s2p