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Google's Parent Company Generates $29 Billion in Cash in Q2

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Alphabet’s $118-billion cash pile poses a new problem: how to spend it

The Google owner generated nearly US$29 billion in cash in the second quarter after cutting thousands of jobs and efforts to stanch losses in its various moonshot projects. That left Alphabet with cash and short-term marketable securities of about US$118 billion, more than any other company in the Nasdaq 100 Stock Index aside fromThis advertisement has not loaded yet, but your article continues below.Subscribe now to read the latest news in your city and across Canada.

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Google's Parent Company Generates $29 Billion in Cash in Q2Alphabet, the parent company of Google, generated nearly $29 billion in cash in the second quarter after cutting jobs and reducing losses in its moonshot projects. With cash and short-term marketable securities of about $118 billion, Alphabet has the second-highest cash reserves in the Nasdaq 100 Stock Index.
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Google's Parent Company Generates $29 Billion in Cash in Q2Alphabet, the parent company of Google, generated nearly $29 billion in cash in the second quarter after cutting jobs and reducing losses in its moonshot projects. With cash and short-term marketable securities of about $118 billion, Alphabet has the second-highest cash reserves in the Nasdaq 100 Stock Index.
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