4 ms·
> No business is going to hoard 50 billion dollars in an emergency fund for a pandemic that cuts 90% of revenue, that's just absurd. Aren't there a number of c
by grumple 7y ago
> No business is going to hoard 50 billion dollars in an emergency fund for a pandemic that cuts 90% of revenue, that's just absurd.
Aren't there a number of companies that have been hoarding cash for some time? [1]
1. https://www.cnbc.com/2019/11/07/microsoft-apple-and-alphabet-are-sitting-on-more-than-100-billion-in-cash.html https://www.cnbc.com/2019/11/07/microsoft-apple-and-alphabet...
- Cerium 7y agoIndeed, I work at a company with no debt and significant cash reserves. I had not idea it was so rare until the past few weeks.