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sunbeam60 ,

Stock markets love capex, hates opex.

“Well done, you’ve spent 75 billion to buy market share!!”

“Oh no, you would spend at least 230 million/year for these employees - that just won’t do”.

Nevermind the fact that 1900 roles also buys market share (and you could run 1900 people for 300+ years), but opex is opex and execs are bonused on margins.

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