Let’s talk about Alphabet — the corporate nesting doll that holds Google, YouTube, Waymo, DeepMind, and the dreams of every investor who thought they were buying a slice of the future. For two decades, Alphabet was the holy grail of long-term tech investing. The company that turned clicks into cash, AI into answers, and moonshots into shareholder love letters. But now? In 2025? There’s a creeping, uncomfortable question floating around investor circles, like a bad smell in a crowded elevator: What if fortunes could actually be lost with Alphabet? That’s not clickbait. That’s a legitimate risk. And not just the “oops, we missed earnings by two cents” kind. We’re talking about something more structural, more unsettling. The kind of rot that doesn't show up until the beams buckle. Alphabet isn’t just facing a tough quarter. It’s facing an identity crisis wrapped in antitrust lawsuits, served on a platter of existential AI dilemmas, all while getting eaten alive by its own spawn. Le...