this post was submitted on 04 Oct 2024
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As of October 2024 Microsoft has a market cap of $3.109 Trillion. (Source). So uh, fuck that.
Market cap doesn't say how much cash they have available. For that, look at cash on hand which publicaly traded companies need to report
MS has about 75B cash on hand, so they could afford this themselves. They will probably argue that it will bring jobs and expertise to the state. ~~Also, it's a loan, so the interest will generate funding for the state as well.~~ nevermind, not a loan from the state, so no interest would go to the state.
You’re right that it doesn’t mean cash on hand, but it does indicate they could liquidate some of that or borrow against it themselves.
Yeah Microsoft should take the risk here, not American citizens.
Bingo. They should invest in their own company, they have the money. There’s no reason for taxpayers to play any part in this.
Yeah. My instant thought was "get the loan from Microsoft"
Agreed, but they will still get it regardless but get fucked if you want healthcare.