Analysis: For Google, plenty of cash with nowhere to go

By Paresh Dave, Subrat Patnaik and Lewis Krauskopf

Technology
Thursday, 29 Apr 2021
3:20 AM MYT

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FILE PHOTO: The brand logo of Alphabet Inc's Google is seen outside its office in Beijing, China, August 8, 2018. REUTERS/Thomas Peter

(Reuters) - In announcing a $50-billion share buyback on Tuesday, Google-owner Alphabet Inc confirmed a paradoxical dynamic: its core advertising business is so profitable, and so dominant, that it has few options for usefully deploying its cash.

Alphabet reported record earnings on Tuesday, leaving its cash pile at about $135 billion, up $18 billion over the last year.

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Symbol	Open	High	Low	Last	Chg	%Chg	Vol ('00)
PHARMA	0.180	0.205	0.175	0.195	0.015	8.33	1,254,038
HSI-CWKC	0.175	0.195	0.175	0.190	0.030	18.75	919,250
HSI-CWI2	0.185	0.210	0.185	0.210	0.040	23.53	753,725
NEXG	0.485	0.495	0.480	0.490	0.010	2.08	630,369
TANCO	0.795	0.830	0.790	0.810	0.015	1.89	528,618
JAKS	0.100	0.115	0.100	0.110	0.010	10.00	469,446
HSI-PWJZ	0.260	0.260	0.190	0.200	-0.060	-23.08	430,135
HSI-CWIM	0.110	0.125	0.105	0.120	0.020	20.00	368,211
HSI-CWGZ	0.260	0.315	0.255	0.310	0.070	29.17	265,374
HSI-PWH4	0.075	0.085	0.050	0.060	-0.060	-50.00	251,616
VELESTO	0.210	0.215	0.200	0.215	0.010	4.88	247,843
SIME	2.040	2.100	2.030	2.080	0.050	2.46	235,311
FFB	2.000	2.040	1.980	2.000	-0.020	-0.99	234,396
DENGKIL	0.255	0.265	0.240	0.240	-0.015	-5.88	233,675
HSI-PWLA	0.170	0.170	0.155	0.155	-0.045	-22.50	209,613

Analysis: For Google, plenty of cash with nowhere to go

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