https://substack.com/inbox/post/179453867
""The current situation bears structural similarities to three major accounting frauds: Enron (2001), WorldCom (2002), and Lucent Technologies (2000)."
They know there's a huge AI bubble. And that after it bursts, a whole lotta people will be really angry. And trying to distract themselves from their own idiocy and own ignoring all the warnings, by taking out their anger on whatever scapegoats feel the most convenient.
The article is inaccessible (paywalled.) This is the first I've heard of accounting questions around Nvidia. What are those questions?
https://substack.com/inbox/post/179453867 ""The current situation bears structural similarities to three major accounting frauds: Enron (2001), WorldCom (2002), and Lucent Technologies (2000)."
https://www.theverge.com/business/828047/nvidia-enron-conspi...
The magnitude of their reaction to a blog post is disconcerting even if they aren't Enron.
They know there's a huge AI bubble. And that after it bursts, a whole lotta people will be really angry. And trying to distract themselves from their own idiocy and own ignoring all the warnings, by taking out their anger on whatever scapegoats feel the most convenient.