Yahoo Finance Executive Editor Brian Sozzi points out how Alphabet (GOOGL) (GOOG) stock's P/E has compressed to levels not seen since 2012, that earnings estimates haven't bottomed, and explains what it will take for a rebound. Video Transcript 00:00 Speaker A On Wednesday, Google posted a negative free cash flow of $9.1 billion in the quarter versus a Wall Street estimate for a negative $3.5 billion. 00:07 Speaker A Thursday saw more than $500 billion in market value wiped off Google. $500 billion. Goodbye, poof, gone. 00:13 Speaker A You don't lose $500 billion of market cap in a single day and totally forget about it. This is a very interesting moment in time for Google.
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