3 ms·
This is completely incorrect. They took on ~$10B in debt recently for stock buybacks when debt was cheap. They make around $28B in profit after metaverse spendi
by skizm 4y ago
This is completely incorrect. They took on ~$10B in debt recently for stock buybacks when debt was cheap. They make around $28B in profit after metaverse spending and have $40B cash on hand.
- sytelus 4y agoCorrected. It still doesn’t make any sense to take on debt (which no longer is cheap) to do stock buybacks.