Post by Bob Elliott on X
Bob Elliott@BobEUnlimited
XSince 1Q24 Google has generated ~30bln in excess earnings in their cloud unit, but has paid ~140bln in capex to get it.
Given the 5-7 year depreciation, its not a particularly compelling return. Certainly not good enough to blow 100% of their free cashflow on the bet.
455 likes74 repliesPosted Jul 22, 2026