As Waymo expands overseas, it remains a niche cash-burning business
Summary
Alphabet subsidiary Waymo is expanding its operations internationally despite operating as a niche business that currently burns cash. During the most recent quarter, the broader corporate segment containing this autonomous driving project generated a tiny fraction of total company revenue.
Alphabet's Other Bets segment, which includes Waymo, accounted for 0.3% of total revenue in the quarter.
Source: Read the full story at US Top News and Analysis
Disclaimer: This content is for informational and educational purposes only and is not financial, investment or trading advice. Tech & Money Press is not a registered investment adviser or broker-dealer. Trading stocks, options and crypto involves substantial risk, including the loss of your entire investment. Do your own research and consult a licensed professional before making any financial decision. The authors may hold positions in the securities mentioned. News summaries are written with AI assistance from the original publisher's report and may contain errors; always check the original source. Full disclaimer.