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Apple, Alphabet, Amazon, Microsoft, Meta each individually have more cash & equivalents on hand than the richest school Harvard has in its entire endowment ~50B
by rKarpinski 3y ago
Apple, Alphabet, Amazon, Microsoft, Meta each individually have more cash & equivalents on hand than the richest school Harvard has in its entire endowment ~50B [2] (most of which is not liquid)
[1] https://www.investors.com/etfs-and-funds/sectors/sp500-companies-stockpile-1-trillion-cash-investors-want-it/ https://www.investors.com/etfs-and-funds/sectors/sp500-compa...
[2] https://en.wikipedia.org/wiki/List_of_colleges_and_universities_in_the_United_States_by_endowment https://en.wikipedia.org/wiki/List_of_colleges_and_universit...
- EduardoBautista 3y agoAnd yet universities can afford to pay millions of dollars to football and basketball coaches.
- rKarpinski 3y agobecause those programs directly generate high eight to 9 figures a year in revenue, and also drive alumni donations & new admissions.
- bawolff 3y agoThey have more cash than most countries