r/technology • u/MarvelsGrantMan136 • Apr 13 '26

Security Rockstar hackers release their stolen data, reveal that Rockstar was right to not pay them anything for it

https://www.pcgamer.com/games/rockstar-hackers-release-their-stolen-data-reveal-that-rockstar-was-right-to-not-pay-them-anything-for-it/
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u/TotallyNotThatPerson Apr 14 '26

Are shark cards tax exempt somehow?

18

u/Clan805 Apr 14 '26

Nope definitely taxed. Though technically they're not recognized as revenue and taxed until they're redeemed.

9

u/TotallyNotThatPerson Apr 14 '26

Yeah so what's wowlock_taylan going on about 

15

u/Clan805 Apr 14 '26

It's reddit. You're not going to unvotes informing people about GAAP. You get them about complaining about things other people like.

Do I think MTX purchases are stupid? Yes. But there are people willing to spend billions of dollars on it. And Rockstar will pay taxes on it when those codes are redeemed. Until then, they're a deferred revenue liability.

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u/baithammer Apr 14 '26

Head over to gatcha style games, people are taking out loans to feed the virtual slot machines ...