TL;DR — Restricted Stock Units are Alphabet’s primary currency for retaining AI talent, but each grant dilutes existing shareholders incrementally. The piece traces this ‘invisible dilution’ mechanism and what it means for long-term share value. To...
TL;DR — Pixel’s market share looks like a rounding error next to iPhone and Samsung, but the piece argues it functions as a $1 billion insurance policy rather than a profit center, defending the cash flow that funds Alphabet’s dividend and buyback cycle....
TL;DR — For two decades, Google Search operated as a near-costless money machine: a fraction of a cent in compute per query against dollars in ad revenue. The piece examines whether Gemini’s heavier compute demands are quietly eroding that historically wide...
