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Apple, Google and Microsoft Are Hoarding $464 Billion In Cash
Apple, Google and Microsoft are sitting on a mountain of cash -- and most of it is stashed far away from the taxman. Those three tech behemoths held a total of $464 billion in cash at the end of last year, according to a Moody's report published this week. From a report:
Apple alone had a stunning quarter-trillion dollars of cash thanks to years of gigantic profits and few major acquisitions. That's enough money to buy Netflix three times. It's also more cash than what's sitting on the balance sheet of every major industry except tech and health care. All told, non-financial U.S. companies studied by Moody's hoarded $1.84 trillion of cash at the end of last year. That's up 11% from 2015 and nearly two and a half times the 2008 level. Roughly $1.3 trillion -- 70% of the total -- is being held overseas, where the money isn't subject to U.S. taxes. Apple, Google owner Alphabet, Microsoft, Cisco, and Oracle hold 88% of their cash overseas. Moody's said the tower of money stashed abroad reflects the "negative tax consequences of permanently repatriating money to the U.S." |
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| There are no conversations. |
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| Steve Ballmer |
We've grown from 18% of the profits of the top 25 companies in our industry to 23% of the profits of the top 25 companies in our industry over the last five years. Profits are up over 70%, where the industry profit is up about 35%. Pretty good. |
| Khalil Gibran |
A friend who is far away is sometimes much nearer than one who is at hand. Is not the mountain far more awe-inspiring and more clearly visible to one passing through the valley than to those who inhabit the mountain? |
| James Fallows |
The demise of Google Reader, if logical, is a reminder of how far we've come from the cuddly old 'I'm Feeling Lucky' Google days, in which there was a foreseeably-astonishing delight in the way Google's evolving design tricks anticipated what users would like. |
| Tecumseh |
When you rise in the morning, give thanks for the light, for your life, for your strength. Give thanks for your food and for the joy of living. If you see no reason to give thanks, the fault lies in yourself. |
| Tony Fadell |
At the end of the day, customer choice is essential. And we don't make products that compete with Apple, nor make products that compete with Google. Our customers come in both iOS and Android flavors, and I hope our customers can still buy the products they want to purchase wherever they want to purchase them. |
| Jim Garrison |
Until as recently as November of 1966, I had complete faith in the Warren Report. Of course, my faith in the Report was grounded in ignorance, since I had never read it. |
| Warren Buffett |
Of the billionaires I have known, money just brings out the basic traits in them. If they were jerks before they had money, they are simply jerks with a billion dollars. |
| Ray Bradbury |
I spent three days a week for 10 years educating myself in the public library, and it's better than college. People should educate themselves - you can get a complete education for no money. At the end of 10 years, I had read every book in the library and I'd written a thousand stories. |
| Mario Gabelli |
How do you make money? Spinoffs, split-ups, liquidations, mergers and acquisitions. |
| Morgan Fairchild |
I have a lot of stands on a lot of political issues. I'm very big on campaign finance reform. I still think most Americans aren't aware of how the dumping of big corporate dollars and private donor dollars has totally corrupted the political system and taken it away from them. |
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Amazon Will Pay $0 in Federal Taxes on $11.2 Billion Profits (fortune.com)
Those wondering how many zeros Amazon, which is valued at nearly $800 billion, has to pay in federal taxes might be surprised to learn that its check to the IRS will read exactly $0.00. From a report:
According to a report published by the Institute on Taxation and Economic (ITEP) policy Wednesday, the e-tail/retail/tech/entertainment/everything giant won't have to pay a cent in federal taxes for the second year in a row. This tax-free break comes even though Amazon almost doubled its U.S. profits from $5.6 billion t...
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Brand Advertising: "Hello, have you thought about this program called the Intellitus Cash System? (do a google search). My friend says it makes people plenty of income." Since term is searched consumer feels that they made the decision.
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comment from ytc video "NERDS MAKIN MONEY HOE!! ASICS! WHAT U GOT NIGGA?! TWO TERAHASHES PER SEC. 9.53692977 Bitcoins/day. ALL CAPS BITCH. 710 dollars/coin BITCH. 6,771.51 dollars a day BITCH.
Jocks in high school be pumpin gas. I be getting cash. WHU!! GET-MONEY-NIGGA!!"
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Amazon Is Finally Profitable, Earns $2.5 Billion Over the Last Three Months
Amazon topped $2 billion in quarterly profit for the first time in its history, an impressive run fueled by continued growth in Prime subscriptions, cloud computing and its nascent advertising business. Amazon said Thursday that it earned $2.5 billion in profit for the three months ending in June, a staggering jump from the $197 million it posted in the same period last year. It marked the third consecutive quarter that Amazon has topped $1 billion in profit, a remarkable feat for a company once known for investing so much in its business that it often lost money. "The profitability trajectory appears to be accelerating quicker than expected," Daniel Ives, an analyst with GBH Insights, wrote in an investor note ...
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I want to be okay with myself spending a lil cash on tools to help me do artsy stuff
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'Genius' Site Said It Used Morse Code To Catch Google Stealing Song Lyrics
"Genius.com says its traffic is dropping because, for the past several years, Google has been publishing lyrics on its own platform, with some of them lifted directly from the music site," reports the Wall Street Journal:
Google denies doing anything nefarious. Still, Genius's complaints offer a window into the challenges small tech companies can face when the unit of Alphabet Inc. starts offering competing services on its platform... Genius said it notified Google as far back as 2017, and again in an April letter, t...
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I have expanded my crypto investments! Now I own bitcoin, bitcoin cash and ethereum which are going up from 10%-30% a day. I only own small amounts but its neat and I cant wait to spend them on something
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I really want to make a program that generates raps by using genius.com's lyrics database, rhymezone.com and swapping synonyms. so i can e like 'yo i get mad cash mad fast' or 'yo i get mad chips mad quick' or whatever cuz thats what i do when i write sometimes if i want the same flow or message but a different word/sound
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I really want to make a program that generates raps by using genius.com's lyrics database, rhymezone.com and swapping synonyms. so i can e like 'yo i get mad cash mad fast' or 'yo i get mad chips mad quick' or whatever cuz thats what i do when i write sometimes if i want the same flow or message but a different word/sound
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IRS Now Has a Tool To Unmask Bitcoin Tax Evaders
You can use bitcoin. But you can't hide from the taxman. At least, that's the hope of the Internal Revenue Service, which has purchased specialist software to track those using bitcoin, according to a contract obtained by The Daily Beast. The document highlights how law enforcement isn't only concerned with criminals accumulating bitcoin from selling drugs or hacking targets, but also those who use the currency to hide wealth or avoid paying taxes. The IRS has claimed that only 802 people declared bitcoin losses or profits in 2015; clearly fewer than the actual number of people trading the cryptocurrency -- especially as more investors dip into the world of cryptocurrencies, and the value of bitcoin punches past the $4,000 mark. Maybe lots of bitcoin traders didn't realize the government expects to collect tax on their digital earnings, ...
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