Alphabet becomes first tech company to issue 100-year bonds in nearly three decades.

My favorite comment on the article is “The problem with capitalism is that you eventually run out of other people’s money."

  • UnderpantsWeevil@lemmy.worldEnglish
    4·
    2 hours ago

    Traditionally, you need to find someone to loan you money with the bond as collateral. Then you promise that person the bond as repayment of the debt + interest, with the expectation that you can re-buy the bond at a future date for much less than you could today.