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Maybe Jobs just has an OCD and wants to collect $100B in a bank. Seriously though, why would they NEED to buy anything right now instead of rolling out capital
by Keyframe 16y ago
Maybe Jobs just has an OCD and wants to collect $100B in a bank.
Seriously though, why would they NEED to buy anything right now instead of rolling out capital expenditures as they need (like that data center for $1B recently) and keep cash at hand for potential new thing if there was an opportunity where one would need to act quickly (and have cash to do so).
If those $51B assets are live cash, I would imagine it being a big burden just to keep up with inflation eating it's way through it.