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Apple blew $10B on failed car project, considered buying Tesla
- rhelz 3y agoIt's just too uncharitable to call it "blowing" the money. Any investment implies risk, and risk means that it might fail. After stockpiling a couple hundred billion dollars, there are diminishing returns for stockpiling each additional hundred billion dollars. A company in that position should either spend the money on R&D (if they can think of worthy risks) or disburse the money to the shareholders (if they can't) so that the shareholders can choose how the money should be invested. It's a good thing that management was courageous enough to risk failure. They should be encouraged to do this, because for every 10 which fail, there will be one which more than pays for all.