Greed and Capitalism

What kind of society isn't structured on greed? The problem of social organization is how to set up an arrangement under which greed will do the least harm; capitalism is that kind of a system.
- Milton Friedman

Thursday, December 15, 2011

Cash Hoard Massive


Facebook's Cash Hoard Massive: Report - TheStreet:

NEW YORK (TheStreet) -The amount of cash Facebook has is staggering, and is on par or larger than some of Silicon Valley's top tech companies, according to Gawker.
 
According to a source cited by Gawker who is close to Facebook's finances, Facebook has $3.5 billion in cash, no debt and may earn close to $1 billion in profits this year, more than double what the company supposedly made last year.


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