CNBC said Alphabet’s third-quarter free cash flow was negative $9.07 billion and Amazon’s was negative $42.4 billion, and no household-rate change was announced. Alphabet, reported on October 29, kept full-year capital-spending guidance at $195 billion to $205 billion. Its search-advertising revenue rose 12 percent to $63.35 billion but missed estimates. The shares fell about 13 percent on Thursday, a loss CNBC put at roughly $500 billion of market value.
Amazon’s figure came in CNBC’s report on the next session, which also said the company maintained a $220 billion capital-spending forecast and missed third-quarter earnings and revenue forecasts. Chief executive Andy Jassy said Amazon would spend meaningfully more in 2027. A Bank of America note reported the same day put hyperscaler debt and equity issuance at about $271 billion this year.
Negative free cash flow means cash after investment, not a layoff count or a retail price. None of these reports announced a card-fee change or a new rate on an existing household loan.
Does this tech spending change a loan or card rate you already have? No household-rate or retail-price change was announced. The verified facts are the negative cash-flow figures and the companies’ large spending plans.