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Jesse Felder
@jessefelder.com

‘If Anthropic’s colossal paper losses shouldn’t count in adjusted earnings, neither should the large paper gains on the other side of its deals. During the second quarter alone, such gains at Amazon and Alphabet represented about 15% of S&P 500 earnings.’ www.wsj.com/finance/inve...

wsj.comAnthropic’s ‘Adjusted’ Profit Exposes Wall Street’s Earnings GameThe AI developer’s losses were the flip side of the big gains for Amazon and Alphabet.

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