Alphabet Is Fine. The Question Is What Kind of Company It Becomes.

Alphabet just posted its fastest revenue growth in five years, and the stock fell 12% by mid-morning. Search grew 12%. Google Cloud grew 103%. The number that scared investors was the one showing how

Alphabet just posted its fastest revenue growth in five years, and the stock fell 12% by mid-morning. Search grew 12%. Google Cloud grew 103%. The number that scared investors was the one showing how much cash the company now spends rather than returns. I have followed Alphabet for many years and as a long-term investor I expect it to be fine. The Alphabet I first followed was a search monopoly that repurchased tens of billions of dollars of its own stock every year. The Alphabet in front of me