By skyforbes Recently, Meta reported earnings and reported $1.05 of EPS instead of $7.25, due to them acknowleding an accounting non-cash non-recurrent devaluation of their deferred tax assets of $15.93B.
Obviously as Meta was not the only one to report after-market, and their justification did not seem Meta-specific, i wondered whether Google and Microsoft would do the same, and … they did not.
It seems to me that these Deferred Tax assets on Google and Microsoft balance sheet could be at risk.
What do y'all think ?
(Have a long position on Meta since Feb 2022 : 79 shares at 148.76 average – and fuck the AI moderator)