The best context I saw that showcases how bad this is was someone who compared it to bank interest. Microsoft could have earned more by leaving that money in savings and earning 4% interest 😬

@DestinLegarie Even worse, two year treasuries currently trade at 4.066% and are considered risk-free for the purposes of financial calculations. They literally would make more money with zero risk buying treasuries than operating their business as is. That's bad.