this post was submitted on 10 Feb 2026
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Technology
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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.
We've all heard "it takes money to make money." But rich people know it's better to use other people's money.
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.
Guess I won't be upgrading my phone this year. And neither will you. Or anyone.