This is not specifically about Google (I am a shareholder). It& #39;s about a system that is broken. Google has over $120 billion in cash on hand, and generated more than $30 billion in net income in 2019. It doesn& #39;t NEED the cash from the bond offering. It raised it because it can.
Meanwhile SMBs who desperately NEED cash cannot get it from banks. See this thread from a few days ago: https://twitter.com/HRGPFOREVER/status/1289554743128358914?s=20">https://twitter.com/HRGPFOREV... We are gutting our economy while large companies can easily borrow cash at historically low rates.
And yes I am a capitalist and 100% believe in free markets. But we have to have a macro view and gameplan. We don& #39;t. The effects on our economy are going to be massive - and sad.
To be clear THIS 100% MAKES SENSE FOR GOOGLE. It just doesn& #39;t make sense for our economy.
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