this post was submitted on 16 Jun 2025
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[–] [email protected] 30 points 3 weeks ago (9 children)

TTAM later said it had obtained backing from a “Fortune 500 company with a current market capitalization of more than $400 billion and $17 billion of cash on hand.”

That's not at all concerning.

[–] [email protected] 16 points 3 weeks ago* (last edited 3 weeks ago) (8 children)

A little searching finds only one company that really fits the bill. Costco has a market cap of $433B and had a reported $14.8B cash on hand as of May 11. That's an interesting possibility that I wouldn't have guessed. Costco is less evil than most big corporations, so that's a little hopeful if I got it right.

Oracle comes close with a market cap of $583B. That's indeed over $400B, but that would make the description a bit weird. In any case, Oracle makes more sense from a business angle. Unfortunately, they are near the top of the evil scale.

[–] [email protected] 10 points 3 weeks ago

Shit, Oracle was down in the low $400B range in May. Apparently being evil pays well in the current administration.

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