36 ms·
Plenty of businesses keep many months of runway in cash for emergencies. Airlines spent 96% of their free cash flow, over the span of a decade, buying back thei
by cwhiz 6y ago
Plenty of businesses keep many months of runway in cash for emergencies. Airlines spent 96% of their free cash flow, over the span of a decade, buying back their shares.
Since you mentioned Google, they have over $100 billion in cash and could easily survive an interruption of this magnitude. Google could go to $0 in revenue and survive for many years. Having cash for an emergency is what a well managed and responsible business should do.
Airlines don’t have any money because they were poorly run and greedy. Let poorly run and greedy businesses fail.
- slovette 6y agoThis. While the amount of runway can be debated, the sheer number of American powerhouse businesses that saw a single month of dipped revenue and started screaming for possible bankruptcy showed A LOT. The way we do business today is casually over leveraged and sold as normal. We are not building stable, 100-yr organizations that support people and their livelihoods. We’re building huge ATM machines that siphon massive amounts of future opportunity from a 1000 people and exchanges it for massive short term gain for 1-100 people.