Apple Announces What It Plans To Do With ~$100 Billion

  • Apple issued a rare media alert Sunday saying it would announce how it would spend its mountain of cash holdings ($97.6 billion). This morning, CEO Tim Cook said nearly half, $45 billion, would do to paying a dividend, which it hasn’t done since 1995.

    Naturally, before the announcement was made, the social media universe had a fun time Sunday night speculating what it could buy. Some thought it would invest in Twitter, as it recently streamlined the the process of sending out tweets into their updated iPhone operating system. However, this morning it was clear that they weren’t going to take over a giant  Internet firm…or, an entire country for that matter (Apple’s holdings dwarf the GPD of many countries) Do you think Apple should issue dividends? Or, perhaps, buy a major Internet company?