Alphabet Shares Fall 5% Pre-Market as Free Cash Flow Turns Negative
2026-07-23 11:43:40
Google said its SpaceX stake would be worth $94 billion after SpaceX completes its initial public offering, with about $80 billion of that subject to a short-term lockup agreement. According to Odaily, Alphabet shares widened losses to 5% in pre-market trading, and the company’s second-quarter free cash flow fell to negative $5.9 billion from nearly $25 billion a year earlier, turning negative for the first time in decades.
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