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Since Elon Musk’s Twitter purchase, firm reportedly lost 72% of its value (arstechnica.com)

submitted 6 months ago by boem@lemmy.world to c/technology@lemmy.world

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[–] runeko@programming.dev 4 points 6 months ago (1 children)

Typically, losses in one year can be used to offset profits in following years, but not indefinitely... maybe three years tops IIRC. But that would mean the company would have to become very, very profitable profitable, which is doubtful.

[–] SeaJ@lemm.ee 7 points 6 months ago (2 children)

They changed the rules under the Tax Cut and Jobs Act and losses can be carried forward indefinitely.

[–] HiddenLayer5@lemmy.ml 3 points 6 months ago

Yup of course they fucking did. Can't have corporations paying their fair shares after all, that's a concept as ridiculous as cold fire.

[–] runeko@programming.dev 2 points 6 months ago (1 children)

TIL, thanks

[–] SeaJ@lemm.ee 1 points 6 months ago

Regulatory capture is awesome, isn't it?