Most of the money spent on product development is likely going to engineers (who are in turn paying tax on their payroll) or to other software/IP vendors (who in turn are paying their own engineers).
Granted, that’s probably not as good a use of capital as, say, direct benefits to people in poverty, but it’s vastly better than stock buybacks in terms of public benefit.
Huge win for the economy. He blew billions creating another data harvesting BS.
Most of the money spent on product development is likely going to engineers (who are in turn paying tax on their payroll) or to other software/IP vendors (who in turn are paying their own engineers).
Granted, that’s probably not as good a use of capital as, say, direct benefits to people in poverty, but it’s vastly better than stock buybacks in terms of public benefit.