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submitted 2 days ago by sanitation@lemmy.today to c/technology@lemmy.world

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[-] MangoCats@feddit.it 8 points 2 days ago

they’ve found something they want to spend it on, so they’re emptying 20 years of profits in 5.

That's what .com did as well.

reporting for literal decades that Apple, Amazon, Google, and similar have been sitting on giant war chests of profit with nothing to spend it on.

I remember when a "shockingly large" war chest was $30B - that's like table stakes anymore.

this post was submitted on 06 Aug 2026

336 points (94.7% liked)

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