Big Tech has a big cash problem

(Image: Getty)

Tue, 09 Apr 2024

By Dan GallagherHaving more money than you know what to do with used to be a high-quality problem. Now, it is just a problem. The largest tech companies in the world are also the richest. Apple, Amazon, Microsoft and the parent companies of Google and Facebook now collectively sit on a little more than US$570 billion (NZ$947.6b) in cash, short-term and long-term investments. That is more than double the collective pile of the next five richest nonfinancial companies on the S&P 500 index, according to data from S&P Global Marke...

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