3 ms·
It doesn't really matter how specialized they are, if they hold it in cash. And if it is "just" a cash position on their bank accounts, it doesn't mean that sa
by jevgeni 11y ago
It doesn't really matter how specialized they are, if they hold it in cash.
And if it is "just" a cash position on their bank accounts, it doesn't mean that said money isn't invested or isn't working. It means that the banks have 194 billion dollars of almost free funding from Apple for their investments.
- pdonis 11y agoThe banks are still extremely limited in the ways they can utilize that cash. 194 billion dollars held by a handful of banks will be far less optimally used than 194 billion dollars spread among, say, a million individual entrepreneurs.
- ucaetano 11y agoThat's not cash. From their 10K: Cash and cash equivalents: $14B Short-term marketable securities: $11B Long-term marketable securities: $130B