Alphabet (Google) launched a massive global bond sale, including a 100-Year Bond.

[neurovagrant@masto.deoan.org]

Alphabet (Google) launched a massive global bond sale, including a 100-Year Bond.

The last time tech companies offered 100-Year Bonds was, according to Bloomberg,

the dot com boom.

[kevinmirsky@infosec.exchange]

@neurovagrant

[phillip@social.lol]

@neurovagrant buckle up, y’all!

[jesstheunstill@infosec.exchange]

@neurovagrant I mean, it's a good deal for them. Cash now, pay never since either the corp or the US won't exist by then anyways.

[rootwyrm@weird.autos]

@neurovagrant as usual, Bloomberg can't help themselves. And must omit the facts that are embarrassing.

That century bond in the dot-bomb era?

Motorola, in 1997.

Right as they were cratering from neglecting cellular, struggling in semiconductors, and eating massive losses from Iridium.

[rootwyrm@weird.autos]

@neurovagrant less than 2 years after Motorola issued that bond, a significant portion of which was earmarked for Iridium?
Iridium filed for Chapter 11 bankruptcy for the first time. They had to be bailed out and fire-saled, basically wiping out Motorola's investment.