Re:Houston is experiencing its third ‘500-year’ flood in 3 y...
by koolba on Wednesday August 30, 2017 @06:40AM
(#15131036)
What does this have to do with Apple? Is that just a reference to them hoarding large amounts of cash or are they in the reinsurance business?
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Re:Houston is experiencing its third ‘500-year’ flood in 3 y...
by yardie on Wednesday August 30, 2017 @08:49AM
(#15131630)
I believe it's a reference to the fact that even large companies, Apple is $800b, don't have all that cash on hand. To convert $15b into cash takes time. Disaster victims can't exactly pay for hotels or buy foods with bonds or stock certificates.
Re:Houston is experiencing its third ‘500-year’ flood in 3 y...
by HillaryBriss on Wednesday August 30, 2017 @10:00AM
(#15132176)
btw, Apple has far more than $15 billion in its cash pile. it's over $250 billion by some accounts
https://www.cnbc.com/2017/05/02/apples-cash-hoard-swells-to-...