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Google Reports Negative Free Cash Flow for Two Straight Quarters, Stock Tumbles Over 10% in Pre-market Trading
1 hour ago /
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Author：小编
In the third fiscal quarter, Google's revenue and profit figures both fell short of market expectations. Moreover, the company recorded negative free cash flow for two quarters in a row, a clear sign of a deteriorating financial situation. The inadequate returns on Google's substantial investments in artificial intelligence (AI) have made it challenging to validate these expenditures. Consequently, the stock price plummeted by over 10% in pre-market trading.
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