"Big Tech's Accounting Change Boosts Profits by $10bn, Stock Market in 'Very Dangerous' Position, U.S. Economy Booming with Huge Job Gains"
Big Tech companies have boosted their profits by $10 billion through an accounting change that extends the estimated lifespan of their servers, allowing them to depreciate the cost over a longer period. This adjustment has led to increased profits for companies such as Amazon, Alphabet, Facebook, and Microsoft, sparking debate about the impact of such changes on financial reporting and transparency.