Comment by jmyeet
2 months ago
> For the purposes of most financial discussions, the market cap can be ignored.
If you issue $70B in stock, which was your point btw, market cap absolutely matters. $70B is less than 2% new shares issued. If it was a $100B company, it would be 70%. That's why market cap matters.
> All your financial alarm bells should start ringing.
Only if you start with the premise of "Google is imploding" and then go looking for evidence.
Oh, so we're using CDS rates as a proxy for alarm now? Ok, Google's rates are hovering under 50 basis points [1]. For comparison, this is only slightly higher than the sovereign debt of Canada [2].
[1]: https://finance.yahoo.com/markets/stocks/articles/alphabet-v...
I love how you completely side stepped the cash flow comment AND the graph.
It's all right, I spent years arguing against cryptocurrency boosters. I'll probably have to wait a few more years for AI boosters to be gone into the nether.