The conversation came up because I was trying to fathom why a company would sit on billions of dollars when they could make more billions with it
They already are, in the cheapest, riskless way possible: those massive cash stashes are sustaining, or even boosting, their valuations.
When a company grows too big, it's in its best interest, as in investors best interest, not to spend a few billions on an initiative that could lead nowhere.
They already are, in the cheapest, riskless way possible: those massive cash stashes are sustaining, or even boosting, their valuations.
When a company grows too big, it's in its best interest, as in investors best interest, not to spend a few billions on an initiative that could lead nowhere.