Tech
Why Alphabet’s $118 billion cash pile is a problem
Investors want more detail on the Google owner’s capital return strategy
Alphabet, the owner of Google, is facing a new and, by all accounts, welcome problem: how to spend its rapidly expanding pile of cash.
The firm generated nearly $29 billion in cash in the second quarter of 2023 after cutting thousands of jobs and making efforts to stem losses in its various moonshot projects.
That left it with cash and short-term marketable securities of about $118 billion, more than any other company in the Nasdaq ...
