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Not privy to their financial management, but it's unlikely that they keep billions of dollars in cash. How it usually works when you have huge piles of legit c
by em500 4y ago
Not privy to their financial management, but it's unlikely that they keep billions of dollars in cash. How it usually works when you have huge piles of legit cash coming in is, you buy short duration T-Bills that you keep rolling over and/or money market funds. The richer you are, the less actual cash you need. When you have excellent credit and incoming cash flow, you barely need any actual cash to pay people; you just need to issue an IOU or have your bank advance the cash for you.