In 2001 US carriers had laid roughly 80 million miles of fiber and lit about 2.7% of it. The glut killed Global Crossing and WorldCom. Then $GOOGL bought that dark fiber for cents on the dollar and ran a search empire over it. I keep that ratio taped to my monitor while I read GPU capex decks. The people pouring the concrete are rarely the ones who earn the return. The buyer of the distressed asset is.

This keeper made a 7 save against Spain and he is 40 year old from Cape verde Woow #WorldCom #SoccerTwitter #FootballSeason

Bernie Madoff Ponzi Enron-Skandal WorldCom Lehman Brothers FTX-Kollaps nur um mal ein paar zu nennen die teilweise 50 mal so gross waren Regional waren selbst wirecard und CumEx Deutlich grösser Aber da war der name Trump nicht im Spiel der Schnappatmungen verurusacht

No doubt that Tesla China would likely be one of the most difficult parts of a merger. But there have been other mergers in the past that had even more sensitive situations than this. I once had a client that had assets that it had to continue work on in Venezuela and Iran. And in Venezuela when Chavez was in power. This client was a large US public company. They had to setup enormously tight silos, tighter than the space between a prom queen's thighs. But they were able to get it done. And this was just a few years after SOX 404 was enacted in the wake of Enron/Worldcom/Sunbeam/etc., so MUCH more difficult time for companies to do anything. What I learned is that ANYTHING can be done in business, as long as there is a justifiable reason that has national security interests and energy security interests (today we could add AI compute); and a very, very, very stubborn man leading the charge. I think we check all those boxes.

Coming soon to a trading platform near you. Nvidia as the next WorldCom. #Finance

Does Nvidia have a glorious future? No, I suspect Nvidia is more like WorldCom, haha. And that it will be Google and Chinese tech companies that take the AI lead, and leave the rest in the dust. #AI #Finance

I react to him, like I react to Bernard Ebbers (WorldCom), Bernie Madoff, Elizabeth Holmes and the Enron executives. He's conned a record number of "retail investor" into making a very bad "investment". Par for the course. youtube.com/watch?v=wKXgeNwN…

The Beneish M-Score was designed to detect earnings manipulation before it becomes public It was developed by a Purdue professor in the late 1990s 🔍 Above negative 1.78 is a potential manipulation flag. Below negative 2.22 is likely clean. It caught Enron, WorldCom, and several others before the accounting fraud became public knowledge. Every stock in today's GNG Strong Buy screen scores below negative 2.0. One screening step. Thirty seconds. Potentially years of losses avoided.

Except if you bought Worldcom or Enron of course.

Again we are just having issues with semantics. I’ve never defined Bitcoin any of those ways. Happy to clear that up! If Coinbase has a UXTO then it’s real Bitcoin. If they don’t it’s not real Bitcoin. It’s that simple to me. A real bitcoin transaction only has UXTOs. Everything else is downstream and in another layer. If Coinbase or Strategy has the UXTOs, they have real bitcoin. They are a bitcoin users, regardless if you like it or not. They can trade on credit with their users through trade offs. Those users are not real bitcoin users, but they are still using Bitcoin indirectly. A layer built on top of Bitcoin is better than a layer built on top of USD. Layers are unavoidable. People don’t like UXTOs. People don’t like bitcoin nodes. People don’t like lightning nodes. So they outsource. This isn’t printing bitcoin. No one made more UXTOs out of nothing. Coinbase and Strategy might be fraudsters. Or a person might loose their keys. Or a person restarted their lightning node and accidentally force closed every channel they had and they couldn’t access their bitcoin until the time lock elapsed. People make trade offs optimized with what helps them survive and thrive. These layers are not printed bitcoin. They are also not even fractional reserve (but they could be). Paper bitcoin only exists if there is no UXTO to back up the database entry. It’s not actually printed Bitcoin. It’s printed credit on the balance sheet by the vender making a fraudulent claim. I didn’t realize this conversation assumed every Bitcoin user making a secondary promise in addition to the promise of a UXTO was auto deemed fraudulent - simply on the premise that they could or might not have the UXTO. That makes every Fedimint and eCash implementation auto fraudulent. That makes a Bitcoin backed lender auto fraudulent. That makes a Bitcoin backed mortgage lender auto fraudulent. I cant assume every layer outside of layer 1 (and your case lightning and ark) bitcoin is fraudulent. I can agree with you that the trade off benefit against the con of potentially having bitcoin stolen isn’t worth it to me. But others in the market have different opinions and needs. I would be an idiot to say there are no real productive businesses to store wealth in because worldcom or Enron happened. Not sure I want to commit to that baby bath water logic. So curious if you are the type that likes self custodial lightning, and rejects custodial lighting? You running a public lighting node? Curious what hardware you’re using? I have not had a chance to play with ark yet, but looking forward to it!

🔥 Telecom Italia: THIRD upgrade in ONE month, 33s now trading close to Telefonica levels 📞 The shock: A name that was junk restructuring candidate 6 months ago now pricing like Spanish blue-chip 🔴 Echoes Worldcom 2001 — three upgrades in tight window before reality hit 🔴 TI fundamentals: still levered, still structural challenged, still Italian political football 🔴 Speed of repricing = classic late-cycle compression euphoria Three upgrades in 30 days screams ratings catch-up to market, NOT market pricing new risk — fade this or ride momentum?

Madoff, Enron, Worldcom, etc., made a lot of millionaires too

The people who bought Enron or Worldcom or 100’s of other stocks that went to zero all thought they were smart and knew the companies. In fact - the smartest on minds on wall street are always at Goldman Saks and they put a screaming buy on Enron at 8 after it had already declined from 80. I’m guessing only one out of 10,000 gets a job at GS. So if you think the avg guy is going read a prospectus or a quarterly report and feel they’re an expert you’re delusional. sorry.

Allez expliquer ça à Enron, Kodak, Nokia, Blockbuster, WorldCom, LehmanBrothers, Euro Tunnel, WeWork, General Motors, Swiss Air, AOL, Blackberry, Xerox, Thomas Cook, Wirecard, Alcatel, Yahoo, Atari, Crédit Lyonnais, Barings, ToysRus, Toshiba, Casino, Grunding, Steinhoff, etc, etc

A generational monumental cataclysmic hate watch next week! #socceroos #USA #WorldCom

Some folks have their bets on cooked books like Worldcom

Impressed by this Moroccan side so far. Brazil seems to rattled a bit so far. #fifawoldcup #WorldCom #brazilvsmorocco

Because there are many more suckers in the USA ? SpaceX is a bigger scam than WorldCom

Yeah for now. And when a proper rug pull happens (true who tf knows when why or how) the financial destruction will be worse than the temporary wealth created on the way up. Worldcom, Enron, Sunbeam, all enriched thousands until they didn’t. No one reveres them in hindsight.