top | item 38395068 (no title) Namari | 2 years ago In this case, where does this money goes? Is it refunded to the people who bought the apps or is it litterally stolen by Apple? discuss order hn newest _just7_|2 years ago Held in deposit forever, ie until someone sues someone else or the money are forgotten VHRanger|2 years ago That goes to Apple then.The accounting liability gets erased after a few years and the asset stays on the booksLike Starbucks gift cards that go unused. fbdab103|2 years ago Amusingly/sadly(?), I believe even if the money is eventually returned or enscheated, Apple can collect interest/invest the money the entire time. wahnfrieden|2 years ago Apple holds it brookst|2 years ago False. Google “escheatment” load replies (2)
_just7_|2 years ago Held in deposit forever, ie until someone sues someone else or the money are forgotten VHRanger|2 years ago That goes to Apple then.The accounting liability gets erased after a few years and the asset stays on the booksLike Starbucks gift cards that go unused.
VHRanger|2 years ago That goes to Apple then.The accounting liability gets erased after a few years and the asset stays on the booksLike Starbucks gift cards that go unused.
fbdab103|2 years ago Amusingly/sadly(?), I believe even if the money is eventually returned or enscheated, Apple can collect interest/invest the money the entire time.
wahnfrieden|2 years ago Apple holds it brookst|2 years ago False. Google “escheatment” load replies (2)
_just7_|2 years ago
VHRanger|2 years ago
The accounting liability gets erased after a few years and the asset stays on the books
Like Starbucks gift cards that go unused.
fbdab103|2 years ago
wahnfrieden|2 years ago
brookst|2 years ago