Waymo holds $126B valuation as Alphabet’s Other Bets loses $2.05B

Alphabet's record sell-off puts its cash-hungry robotaxi unit in an awkward spot as it expands to London and Tokyo Alphabet shed $482 billion in market value on Thursday. That was its worst trading session since the company went public in 2004. Somewhere in that wreckage sits Waymo, a robotaxi business valued at $126 billion that brought in less revenue last quarter than some mid-sized software firms. Investors did not dump the stock because of self-driving cars. Still, the timing could hardly be worse for a unit that burns cash and is about to go international.

Source: Crypto Briefing