“Meta is stashing data center debt off its books through a joint venture that keeps 27 billion of borrowings invisible, yet it guarantees the losses, so all roads lead back to Meta.”
“Because Meta as 20% owner doesn’t control the entity, the $27.3 billion debt provided by Blue Owl (Step 2) used to finance it doesn’t appear as a liability on Meta’s consolidated balance sheet.”
Prices are point-in-time snapshots from the named provider. The verdict compares the return since entry against the band above.