this post was submitted on 12 Oct 2023
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Technology

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[–] funkajunk@lemm.ee 16 points 1 year ago* (last edited 1 year ago) (3 children)

M$ is worth ~$2.5T

They can afford to not give a fuck about $29B, but you just know they aren't going to pay that full amount in the end.

[–] Buelldozer@lemmy.today 10 points 1 year ago

29 Billion represents roughly 20% of their annual Gross Profit. That's a serious chunk of change, even for them.

[–] cygnus@lemmy.ca 9 points 1 year ago (2 children)

Their market cap isn't really relevant, it's not like that "value" is accessible to them, much less usable to pay their bills.

[–] treble@beehaw.org 5 points 1 year ago

Ohh no not this money, this is set aside for buying every other corporation ever.

[–] LaLiLuLuCo@lemmy.ca 1 points 1 year ago

They can actually issue stock at the market rate to finance shit.

[–] user224@lemmy.sdf.org 1 points 1 year ago

Damn! I thought it was something like $50B. I mean, that sounds like a really huge amount.