Google has had exactly two quarters of negative free cash flow in its entire history as a public company, both of which occurred back-to-back in 2026. That's spooked investors who are already wondering if it's a bubble, which is leading to sell-offs across tech.
This isn't an everyday occurrence, so billing it as a panic every time there's a correction seems a bit off.
This isn't an everyday occurrence, so billing it as a panic every time there's a correction seems a bit off.