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Google has reported its financial results for the second quarter of 2026 (PDF), and as usual, the search giant raked in an unfathomable amount of money. Google saw total revenue of $119.8 billion, beating analyst expectations by a comfortable margin. Despite that, the company’s stock has taken a hit. Along with all that revenue, Google has announced a further increase in its AI-fueled capital expenditures (or capex). The company is actually spending so much on AI infrastructure that it has negative cash flow for the first time.

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[-] technocrit@lemmy.dbzer0.com 64 points 4 days ago

When I was young and naive, I thought that smart people worked at google... lmao.

[-] iusemybrain@sh.itjust.works 8 points 2 days ago

your young self was right. the inventors of pagerank are pretty fucking cool, they also made an entire book on it, technology back then wasn't just smoke and mirrors if you understood linear algebra. Main note: they were employees of google.

Tech companies did cool shit when it wasn't about collecting data and profiling users. now they're ruthless scums trying to find by any means how to capitalize off of you.

[-] Infrapink@thebrainbin.org 24 points 4 days ago

Lots of smart people work at Google. They are not included in senior management.

[-] butWhatIfiCan@sh.itjust.works 22 points 4 days ago* (last edited 4 days ago)

Lots of smart people work at ~~Google~~ just about every company. They are not included in senior management.

[-] EliteCloneMike@lemmy.zip 14 points 4 days ago

Yea. Google had paraded around like a University and showed their “freedom” of knowledge in the early day with smart creative people working for them. Now, after they went public, the corporate greed reared its ugly head and has been slowly eroding the company for users in favor of investors and “growth”. Google need to be broken up.

this post was submitted on 24 Jul 2026
226 points (100.0% liked)

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