Increasingly, Meta has been using debt to fuel its spending, amassing $59 billion in long-term debt on its balance sheet by the end of 2025, double the prior year’s total. And that doesn’t count the “aggressive” accounting it has used to keep the cost of a $27 billion Louisiana data center off its books. “The spending growth looks increasingly unsustainable,” The Wall Street Journal’s “Heard on the Street” columnist Asa Fitch wrote this week.
Now, as the company careens from one staggeringly expensive misadventure to another, its cash-cow core business is starting to wear out. Last quarter, the number of daily active users across its properties declined for the first time to 3.56 billion from 3.58 billion.
Bullshit:
Meta reported for its most recent quarter (Q1 2026, ended March 31, 2026):
That was up from:
Almost lyrical, free of palpable fact. Well, at least it’s labeled “Opinion”
This seems to be what got the author spinning their vision. I’ll take it. Here’s to hoping 🥂
You can down vote such bullshit headlines too. It is clear that it is nonsense.
When you don’t understand how full accounting works.
Fraud and tax evasion, right?