Thursday, March 23, 2023 4:24:51 PM
Too expensive to participate, even J&J trudges along and there's no shortage of money
1. Apple
It's hard to believe that one of the world's largest companies by market capitalization was once in dire straits. While never actually filing for bankruptcy, Apple (AAPL) was on the verge of going bust in 1997. At the last minute, arch-rival Microsoft (MSFT) swooped in with a $150 million investment and saved the company.
People have speculated that Microsoft only did this because it was worried that regulators would regard it as a monopoly without the competition from Apple in the marketplace.
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