3 ms·
Samsung pays Apple $1 Billion sending 30 trucks full of 5 cent coins
- pseingatl 13y agoThis is what will happen. If Apple hasn’t done it already, they will apply to the court for a temporary injunction preventing Samsung from delivering more coins, or they will ask the court to enter an order charging Samsung with the costs of counting and depositing the coins. As an aside, I wonder what effect a billion dollars in coinage will have on seignorage in the Federal Reserve district for California.
- ctdonath 13y agoNope. http://www.snopes.com/politics/satire/samsung.asp http://www.snopes.com/politics/satire/samsung.asp
- jason_slack 13y agoThis is a hoax. A bit more thought before pressing submit, please..
- senthilnayagam 13y agoApple can actually screw Samsung, get them banned(android and open source will hate it for sure) and release a special edition nickel finished iPhone.
- SrslyJosh 13y agoFake. There probably aren't even a billion dollars worth of nickels in circulation. http://www.theguardian.com/technology/blog/2012/aug/29/apple-samsung-trucks-nickels-fake http://www.theguardian.com/technology/blog/2012/aug/29/apple...
- delkant 13y agohttp://tech.fortune.cnn.com/2012/09/06/samsung-did-not-try-to-pay-apple-1-billion-in-nickels/ http://tech.fortune.cnn.com/2012/09/06/samsung-did-not-try-t... Nickels may be legal tender in the U.S., but no company is obliged to accept them as payment for a debt of any size, never mind one as large as Samsung's. Besides, as Ken Tindell helpfully tweeted when the story first appeared on the Web, 20 billion nickels at 5 grams each would fill 2,755 18-wheel trucks (maximum legal weight: 80,000 lbs.).