Europe Pub

Increasingly, Meta has been using debt to fuel its spending, amassing $59 billion in long-term debt on its balance sheet by the end of 2025, double the prior year’s total. And that doesn’t count the “aggressive” accounting it has used to keep the cost of a $27 billion Louisiana data center off its books. “The spending growth looks increasingly unsustainable,” The Wall Street Journal’s “Heard on the Street” columnist Asa Fitch wrote this week.

Now, as the company careens from one staggeringly expensive misadventure to another, its cash-cow core business is starting to wear out. Last quarter, the number of daily active users across its properties declined for the first time to 3.56 billion from 3.58 billion.

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Tastes great but doesn't look that good.

Those companies were all found to be pyramid schemes!

Context: Following the 1911 Revolution against the Qing dynasty, the Republic of China was formed ending over 2,000 years of imperial rule. This period saw the banning of foot-binding, discouraged opium use, promotion of modern education, and gender equality in schools. It's democratic reforms were rather weak, allowing only men with certain economic conditions to vote. Sadly it only lasted a few years before assassination, political party suppression, and an attempt to crown a new emperor before falling into feuding warlords prior to nationalistic takeover in the late 1920s.

It did however have a banging flag, representing the Han (Red), Manchu (Yellow), Mongol (Blue), Hui (White), and Tibetan (Black) peoples.