Uh-Oh! Is Meta Platforms Following in Enron’s Footsteps?
Quick Read Meta Platforms (META) structured a $27B data center joint venture off its balance sheet. Ernst & Young flagged the accounting as a critical audit matter. Meta projects $115B to $135B in 2026 capital expenditures as AI infrastructure spending accelerates. Some critics of the deal are comparing the JV’s structure to those that led to the collapse of Enron. A recent study identified one single habit that doubled Americans’ retirement savings and moved retirement from dream, to reality. Read ...