By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/09/2026Same goes for the claims that these companies are *already* profitable. Dig into those claims and you'll learn they depend on a new, special meaning of "profitable" that does not match the generally accepted accounting procedures (GAAP) definition. 1475
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/09/2026Which is to say, these companies are claiming that they are *so cool* that their profitability can only be measured using a novel, secret form of mathematics: futurism.com/future-socie...futurism.comAnthropic Boasts It Would Be Profitable if You Ignore How Much It Costs to Develop AIAnthropic says that its billion-dollar AI business would be profitable, if only you ignore the figure on the bottom line. 813741
By Cory Doctorow (GPG 0xBF3D9110957E5F4C) @doctorow.pluralistic.net · 16/09/2026This is the same wheeze that Softbank tried with Wework. Speaking in my capacity as an author of internationally bestselling technothrillers about accounting fraud, I can tell you that it was accounting fraud then, and it's accounting fraud now: www.ndtv.com/world-news/h...ndtv.com 18010
Layer8 @layer8problem.bsky.social · 16/09/2026'Sure, our manufacturing business may be losing us a lot of money, but if you ignore that our sales team is absolutely killing it.' 1363
Common Sense @cmmnsensedspnsr.bsky.social · 16/09/2026I mean, I would be profitable too if I ignored the cost of my mortgage, groceries, gas, electricity, kids, vehicles, insurance and miscellaneous stuff. 050
Thomas @tommy3320.bsky.social · 16/09/2026Even the shittiest businesses are profitable when you ignore the left side of the ledger. 010
Tulpa King (aka Admiral Snackbar) @elliotghoul.bsky.social · 16/09/2026We would be profitable if you ignore basic maths 000
Tommy Tatertown @senorgreygoose.bsky.social · 16/09/2026AI financial plan in a nutshell.static.klipy.comSouth Park: Underpants Gnomes' Phase 1ALT: South Park: Underpants Gnomes' Phase 1 020
