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Pragmata • today at 1:44 PM • 1 reply • view on HN

They agreed to pay some employees in their own shares to be delivered some time later. They recorded that expense then as a liability. The value of the shares increased because the company became more valuable, and therefore that liability needs to be revalued by 72 billion.

It's a nice problem to have and is pretty much an accounting artifact coming from the fact that they are paying in different currencies (USD and shares)


Replies

andxor • today at 2:43 PM

You won't hear Ed Zitron talk about that