you are viewing a single comment's thread
view the rest of the comments
[–] 125 points 9 months ago (7 children)

A company with $130 billion in cash reserves is floating 100 year bonds.

So much for billionaires reinvesting profits to trickle down in the economy. Now they hold onto profits, calling in suckers to bet for them and not promising results until all of them are dead.

  • source
  • hideshow 7 child comments
  • [–] 13 points 9 months ago (1 child)

    Well, you should consider that they plan to spend ALL of that cash on hand, PLUS the amount they have to borrow. And they plan to spend all of that in 2026. Their capex expenditures are planned to exceed their estimated operating cash flow.

  • source
  • parent
  • hideshow 1 child comment