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1 day ago, 03:15 PM
Breaking: Michael Burry says Big Tech's filings hiding something, and Oracle just became the Big Short
Below are his reasonings:CEOs sign these filings under oath, and lying on them is a crime2. Oracle admitted to $288B in leases it hasn't even started paying for yet3. None of them disclose how much "AI demand" is really just one company paying another company to buy its own product4. Oracle's touted 121% growth number includes revenue like that, and they don't say how much5. Amazon, Meta, Alphabet, Microsoft & Oracle combined only made $400B in profit last year, a fraction of what they've committed to spendHe's not calling it fraud, but the truth isn't in the filingsThe copyright of this article belongs to the original author/organization.
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