Five companies (AAPL, MSFT, GOOGL, AMZN, and META) are hoarding a combined $517B of cash.
A mere 1.67% of that is equivalent to the $8.5B of total net inflows into the #Bitcoin ETFs, so far.
Login to reply
Replies (7)
What's the advantage of holding that much cash? I l know I'm biased, but I don't get it.
These companies buy regulatory moats to protect their monopolies. Part of the grift is agreeing to hold government debt
to expand for any reader, govt debt as in treasuries which are cash equivalents in corporate accounting (I’m pretty sure)
That's a lot of melting ice cubes!
Lavish in the house! 🔥 🫡
As soon as the fed pivot comes, that cash has to go somewhere
Yo. Going to try and spend some more time here now that my Nostr is fixed!