A caller on Bloomberg Businessweek’s Big Tech Special earnings panel captured the strangest dynamic in this market with a single line: “The market has been really sanguine about negative free cash flow or the prospect of it. You know, it’s something that everyone’s like freaked out over.” The numbers behind that observation are staggering. According ... Amazon’s Free Cash Flow Just Collapsed From $26 Billion to $1.2 Billion. The Market Barely Blinked.
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