{"podcast":{"title":"Christopher Lochhead Follow Your Different™","slug":"christopher-lochhead-follow-your-different-325792","podcast_index_feed_id":325792,"rss_url":"https://lochhead.com/feed/podcast/","website_url":"https://lochhead.com/","image_url":"https://lochhead.com/wp-content/uploads/2018/12/lochheadartwork.png","author":"Christopher Lochhead","episode_count":300,"summary":"Christopher Lochhead | Follow Your Different is pioneer in real dialogue podcasts. “The best business podcast” – Podcast Magazine “The worst business podcast” – Neil Pearlberg","last_synced_at":"2026-09-20T08:20:18.149973+00:00","page_url":"https://stenobird.com/podcast/christopher-lochhead-follow-your-different-325792"},"episode":{"title":"449 Google’s Free Cash Flow Went Negative For The First Time. Does it matter with $242 billion in cash? | The Pirate Street Journal","slug":"449-google-s-free-cash-flow-went-negative-for-the-first-time-does-it-matter-with-242-billion-in-cash-the-pirate-street-journal","published_at":"2026-08-05T09:00:00+00:00","page_url":"https://stenobird.com/podcast/christopher-lochhead-follow-your-different-325792/449-google-s-free-cash-flow-went-negative-for-the-first-time-does-it-matter-with-242-billion-in-cash-the-pirate-street-journal","show_page_url":"https://stenobird.com/podcast/christopher-lochhead-follow-your-different-325792","url":"https://lochhead.com/fyd-google-cash-flow-psj-2026/","audio_url":"https://media.blubrry.com/legends_and_losers/content.blubrry.com/legends_and_losers/449_FYD-Google_s_Cash_Flow_PSJ_2026.mp3","summary":"On this episode of The Pirate Street Journal on Chistopher Lochhead: Follow Your Different, the trio tackled three major business stories that mainstream financial media fumbled. From Google's record-breaking quarter to AI disrupting the legal industry and a historic merger of black-owned banks, the conversation offered a perspective that most financial journalists simply miss because they focus on companies rather than market categories. This is just one of the topics that Pirates Christopher Lochhead, Eddie Yoon and Bri Clark discuss on this episode of Pirate Street Journal. Each week, the Category Pirates pick three headlines worth paying attention to and break down the category underneath. You’re listening to Christopher Lochhead: Follow Your Different. We are the real dialogue podcast for people with a different mind. So get your mind in a different place, and hey ho, let’s go. Google's Negative Free Cash Flow Is Not the Story You Think It Is Google's parent company, Alphabet, posted second-quarter revenue of $119.8 billion, up 24% year over year. Cloud revenue surged 82%, net income jumped nearly 300% to $112 billion, and the cloud backlog hit $514 billion. By nearly every rational business measure, this was a historic performance. Yet the stock fell because free cash flow turned negative for the first time in company history, prompting the Wall Street Journal to run a dramatic chart they called \"Alphabet's cash flow falling off a cliff.\" What the Journal conveniently left out is that Alphabet is sitting on $242 billion in cash and marketable securities. The negative free cash flow is the direct result of Google doubling its capital expenditures to $44.9 billion in a single quarter, raising its full-year CapEx guidance past $200 billion. This is not a company ble…","meta_description":"On this episode of The Pirate Street Journal on Chistopher Lochhead: Follow Your Different, the trio tackled three major business stories that mainstream…","key_points":[],"chapters":[],"topics":[],"duration_seconds":2284,"processing_state":"not_requested","actions":[{"name":"request_transcript","method":"POST","url":"https://stenobird.com/v1/public/podcasts/christopher-lochhead-follow-your-different-325792/episodes/449-google-s-free-cash-flow-went-negative-for-the-first-time-does-it-matter-with-242-billion-in-cash-the-pirate-street-journal/transcription-requests","description":"Idempotently request low-priority transcript generation for this episode."},{"name":"read_markdown","method":"GET","url":"https://stenobird.com/podcast/christopher-lochhead-follow-your-different-325792/449-google-s-free-cash-flow-went-negative-for-the-first-time-does-it-matter-with-242-billion-in-cash-the-pirate-street-journal.md","description":"Read the agent-friendly Markdown representation of this episode resource."}]}}