Deep Dive: Why Google Just Raised $85 Billion It Didn't Need
Google just raised roughly $85 billion by selling stock — even though the company is already sitting on a mountain of cash and generating massive cash flow.
So why would one of the richest companies on Earth sell shares for the first time in nearly two decades?
In this weekend's deep dive, Zaid breaks down Google’s record-breaking stock sale, why the company may have chosen equity instead of taking on more debt, and how its massive AI infrastructure spending is changing the math for Big Tech.
We also dig into Google’s AI buildout, its cloud demand, the risks of overbuilding data centers, and…
The skinny
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