The High Costs of the Cloud
Data centers make “the cloud” tangible. The supposed benefits—such as jobs—might not be.
For years GE had a perfect record of earnings. Too good to be true? Apparently. According to the SEC, the company inflated savings and earnings through illegal accounting practices to the tune of $800 million. Although the profits weren't real, the executive bonuses were. But those are safe. Now the poor suckers who still own GE stock are left holding the bag for a $50 million fine.
From the Washington Post:
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