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The $77B didn't vanish, it went back to shareholders. Indeed Apple could have used it to fund fusion research, but this seems like a complete stretch of their e
by ajpkco 5y ago
The $77B didn't vanish, it went back to shareholders. Indeed Apple could have used it to fund fusion research, but this seems like a complete stretch of their expertise and capacity to execute on a project like that, the money could just have ended up being wasted on projects that went nowhere. Shareholders can cash out, the government tax the capital gains, and both entities can use the cash in the investments that seems worthy to them
- jonny_eh 5y agoIt went to ex-shareholders.