Sundar Pichai's Alphabet Reported Negative Free Cash Flow for the First Time Ever. Here's Why That Milestone Matters for Shareholders.
Investors can say goodbye for now to the Alphabet they used to know.
Overview
Alphabet (NASDAQ: GOOGL) (NASDAQ: GOOG) shares have crushed the market in the past 10 years. They have produced a total return of 759% since August 2016 (as of Aug. 13). Given that incredible past performance, investors might be inclined to always give this business the benefit of the doubt.
This perspective is being tested right now, however. The Sundar Pichai-led technology enterprise reported negative free cash flow (FCF) for the first time in its public history.
Details
Here's why this milestone matters for shareholders.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.