Microsoft recently announced a $40 billion stock buyback, but there's a case to be made that the company should instead be putting its billions to use on crazy-sounding ideas, writes Pascal-Emmanuel Gobry. Spending big on experimental projects and moonshots might actually make the company more attractive to investors, Gobry argues, since the prospect of a big payday for one of Microsoft's high-risk gambles would help offset its long, slow decline.

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The Kernel (U.K.)

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