Ignoring any technology narrative, just considering Alphabet went from $100 billion free cashflow to negative in months is extremely concerning. Whatever the reason is, the underlying capex has a hell of a catch up to deliver.
Concerning from one POV, for sure. But from another, hooray putting money into R&D instead of hoarding cash reserves.
Concerning from one POV, for sure. But from another, hooray putting money into R&D instead of hoarding cash reserves.