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by siliconpotato 243 days ago
There are better articles explaining this: https://www.forbes.com/sites/petercohan/2025/11/25/metas-ai-... and https://www.wsj.com/tech/meta-ai-data-center-finances-d3a6b4...
1 comments
skybrian 243 days ago
The Forbes article says that "to be an operating lease [...] Meta must have the obligation to absorb the venture’s losses or the right to receive its benefits."

I don't know enough about finance to tell for sure, but this seems backwards?

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pas 242 days ago
it seems to mean that Meta would have to "rent" the whole operation (with all the potential upside and downside)
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