alt Hacker News> $72 billion of this $80.7 billion loss consists of non-cash accounting charges— related to convertible debt—triggered by a surge in the company’s valuation.
Explain what you think this means.
> $72 billion of this $80.7 billion loss consists of non-cash accounting charges— related to convertible debt—triggered by a surge in the company’s valuation.
Explain what you think this means.
It means that $72 billion will further dilute the stock price when the debt turns into stock.
It is pump and dump in action.