Alphabet's Capex Shock, Warner Bros. Merger Freeze, and Big Tech's $1.65T Shadow Debt
About this episode
Alphabet Q2 earnings beat but free cash flow turns negative on record $205B capex guidance, Paramount-Warner Bros. merger frozen by U.S. judge despite EU approval, Nikkei investigation reveals $1.65 trillion in off-balance-sheet AI obligations across five Big Tech companies
Chapters
Sources & Citations
Alphabet Q2 2026 earnings takeaways — GOOGL stock sinks on capex hike | CNBC
www.cnbc.com
Alphabet Announces Second Quarter 2026 Results (official release) | Alphabet IR / Q4CDN
s206.q4cdn.com
GOOGL Drops Nearly 5% After-Hours — Alphabet Hikes 2026 Capex to $205B, Sees Higher Spending in 2027 | Yahoo Finance
finance.yahoo.com
Alphabet's blockbuster Q2 comes with a cash warning: $45bn AI spend pushes free cash flow negative | Mi-3
www.mi-3.com.au
EU antitrust regulators clear Paramount-WBD merger as it faces challenge by U.S. states
www.cnbc.com
Paramount wins European regulators' blessing to buy Warner Bros.
www.latimes.com
Paramount-Warner Bros. deal on hold after court ruling
www.latimes.com
Attorney General Bonta Files Lawsuit to Block $110 Billion Warner Bros./Paramount Merger
oag.ca.gov
Five US tech giants' hidden debts soar to $1.65tn on opaque AI funding
asia.nikkei.com
Big Tech Is Hiding $1.65 Trillion in Debt. How Worried Should Investors Be? — 24/7 Wall St.
247wallst.com
Big Tech's $1.65 Trillion In Off-Balance-Sheet AI Commitments Demands Investor Scrutiny — Foreign Policy Journal
www.foreignpolicyjournal.com
Big Tech AI Spree Revives Accounting Devices That Toppled Enron — Bloomberg Tax
news.bloombergtax.com
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