It’s a world away from the likes of Alphabet, Microsoft, Amazon and Meta, which are sitting on balance sheets built like fortresses, and until the recently announced capex spike for 2026, were generating strong free cash flows. Even a significant misallocation of capital wouldn’t threaten the solvency of companies with the financial profiles of Alphabet or Microsoft.
Is it any good?
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Brits red carpet in pictures: Arrivals of Harry Styles, Olivia Dean and Lola Young
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It's not an inevitable reality but for some it is a very scary thought.