My favorite comment on the article is “The problem with capitalism is that you eventually run out of other people’s money."
Yes, please go all in there, Google.
A company with $130 billion in cash reserves is floating 100 year bonds.
So much for billionaires reinvesting profits to trickle down in the economy. Now they hold onto profits, calling in suckers to bet for them and not promising results until all of them are dead.
We’ve all heard “it takes money to make money.” But rich people know it’s better to use other people’s money.
Well, you should consider that they plan to spend ALL of that cash on hand, PLUS the amount they have to borrow. And they plan to spend all of that in 2026. Their capex expenditures are planned to exceed their estimated operating cash flow.
Guess I won’t be upgrading my phone this year. And neither will you. Or anyone.
This is some true believer shit.
Google launched less than thirty years ago.
At the current rate of deterioration, it’s not exactly certain to what extent the planet will be able to sustain human life, much less whether a much loathed spyware company will still be around to pay the bills.
100 year bonds to finance purchase of GPUs that fully depreciate in 5 years?
We can sell new 100 year bonds to pay the interest on the old ones.
Someone appoint this person to the Federal Reserve
Can I sell 100y bonds too? It sounds like an amazing opportunity
Well, it’s not uncommon in some countries with perpetual loans for individuals, so sure!
It’s usually a matter of agreeing the right interest and offering the right security. You will get a worse deal than Google.
Sure! You can sell whatever you like! The trick is finding a buyer.
I would pay like $1 for $100 100 year bond from a random account on the fediverse just for the novelty, tbh.
Edit: actually I should probably be asking more like $800 on a one dollar investment now that I think about it. Compounding interest go brrr.
This is like that part in Don’t look up when the Jennifer Lawrence’s character tells her BF to wait 6 months before she meets his mother.
They are looking for the real suckers, that think things are going to continue on like this for 100 years.
I mean jesus, for a minute lets forget about climate change, and how increasing climate instability will fuel more political turbulence, how feedback loops are accelerating climate change beyond our predictions we are fed that were always undershoots to justify business as usual.
Just looking at politics and business now, the rich have taken from working people more than is sustainable. Not even directly taking, stated inflation is lower than real inflation, so we take a pay cut every year on top of everything else, and on top of consolidated industries that have conspired to increase their share of profits, and a government unwilling to enforce anti trust laws. A court system unwilling to check corporate interests, but willing to allow the government to go full nazi.
The economy is not sustainable as such. It’s getting worse for working people, that can’t afford professional services even with good jobs now. Let alone the low wage workers. Health care and drugs are beyond any semblance of reason. People have to give away their life savings for routine end of life medical problems that used to cost a reasonable amount of money.
There is no way the economy holds for 100 years. A 10 year bond might even be getting a little optimistic. The government is openly corrupt, working people don’t have the money to live a dignified life for the first time since the great depression in the US, and the rich are showing no sign of not taking exponentially more of economic output with their corrupt governments in tow.
Any fool that thinks dollar amounts are a good store of value as such to receive for the next 100 years is a sucker.
This, juxtaposed with the fact that the vast majority of tech investment in the US is comically shortsighted, is only proving that irony is dead.
