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Benzinga
Benzinga
Business
Kaustubh Bagalkote

Meta's $210 Billion Tech Stack May Be Masking A Harsh Truth: Jim Chanos Says 12-Year Depreciation On 2-Year GPUs Overstates Profits

Jim Chanos Nasdaq Meta X James Chanos Artificial Intelligence
Menlo,Park,,Usa,,May,5,,2023:,Meta,Corporation,Headquarters,Glass

Prominent short seller Jim Chanos raised concerns on Wednesday about Meta Platforms Inc. (NASDAQ:META) potentially overstating profits through extended depreciation schedules on rapidly obsoleting artificial intelligence infrastructure.

Short Seller Questions Meta’s Accounting Methods

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