- cross-posted to:
- news@hexbear.net
- technology@lemmy.zip
- technology@lemmy.ml
- cross-posted to:
- news@hexbear.net
- technology@lemmy.zip
- technology@lemmy.ml
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So essentially, meta wants to build a 100 mil datacenter. Private equity has them sign a 10 yr rent contract over the amount plus interest and pays the contractor.
This is just circumventing the banking and accounting laws. Its basically fraud.
very reminiscent of how the 2008 crash unfolded



