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If I am a Meta investor, and I see they use my capital to buy government bonds, why would I invest in them? I'd just buy the bonds myself.

Meta is supposed to be a Tech company and invest the capital they have in technology plays

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I believe that is the point the OP was making. If you're ROI on employee X is 3% of the investors' dollar, the investor would simply buy a bond since the ROI on the bond is higher. Because of this discrepancy it no longer makes sense to keep employees or business units with a 3% ROI or an ROI lower than what the expected return on a bond is.

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