Comment on Three Mile Island owner seeks $1.6 billion federal loan to restart nuclear plant for Microsoft AI facility

BertramDitore@lemm.ee ⁨1⁩ ⁨month⁩ ago

• Brokkr@lemmy.world ⁨1⁩ ⁨month⁩ ago

  Market cap doesn’t say how much cash they have available. For that, look at cash on hand which publicaly traded companies need to report

  MS has about 75B cash on hand, so they could afford this themselves. They will probably argue that it will bring jobs and expertise to the state. Also, it’s a loan, so the interest will generate funding for the state as well.

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  • Repelle@lemmy.world ⁨1⁩ ⁨month⁩ ago

    You’re right that it doesn’t mean cash on hand, but it does indicate they could liquidate some of that or borrow against it themselves.

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    • sentient_loom@sh.itjust.works ⁨1⁩ ⁨month⁩ ago

      Yeah Microsoft should take the risk here, not American citizens.

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      • BertramDitore@lemm.ee ⁨1⁩ ⁨month⁩ ago

        Bingo. They should invest in their own company, they have the money. There’s reason for taxpayers to play any part in this.

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• Fiivemacs@lemmy.ca ⁨1⁩ ⁨month⁩ ago

  Agreed, but they will still get it regardless but get fucked if you want healthcare.

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• ColeSloth@discuss.tchncs.de ⁨1⁩ ⁨month⁩ ago

  Yeah. My instant thought was “get the loan from Microsoft”

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