I was just in the Louisiana public service commission meeting where Entergy told the regulators that Meta Platforms was worth 2 trillion and they got some opinion from a New York law firm that their word was good so YOLO. Passed 4-1. The exact words were “Meta Platforms is worth more than the five biggest banks combined” (implying no point in asking a bank for a loan guarantee or backstop)
They really went with the "it's too big to fail" argument hah. Not that I'd be afraid of that, just their short attention span. How is the meta verse these days anyways?
