Alphabet spent more cash than it earned for the first time
The tech giant broke a twenty year streak of positive cash flow as it funneled billions into artificial intelligence infrastructure.
Since going public in 2004, Google's parent company, Alphabet, has been a model of financial consistency, reliably generating more cash from its operations than it spent on its business. That two decade streak ended when the company reported a negative quarterly free cash flow for the first time in its history as a public entity.
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