Google has so much cash invested that the SEC rules would make it an investment fund and not a company.
Companies whose securities comprise more than 40% of their assets can fall under restrictions that of the mutual fund industry.
Google has currently about $10 billion in cash and securities.
I have a solution to the Google Cash problem: Why not pay every searcher on Google a CPQ (Cost Per Query) of $0.20c. Every user is going to be happy and there will be soon no having-to-much-cash issue for Google. Google already asked the Securities and Exchange Commission for an exemption. No word on the decision yet.
More details on Bloomberg.
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