> Where is the actual evidence of this, though? I'm not trying to be snide -- genuinely curious.
That claim was just based off how all businesses work. All the infrastructure, management, training, etc., that scale sublinearly with volume are diluted at large volume.
> Yet Waymo's financials are still buried in Alphabet's "Other Bets" line, which lost $1.2 billion in Q3 2023...
As I said, I definitely think Waymo is losing money overall right now, even in a particular regime.
> Why not blitzscale this thing to all markets and disclose the numbers to investors and send the stock to the moon?
They are in fact expanding rapidly. But this can't be scaled as fast as a software/internet company. They literally have to manufacture custom cars and, crucially, map the region in detail. Remember that Tesla's meteoric rise was ~70% growth per year. For years Waymo was only offering service to the general public in Phoenix. They opened in San Francisco in late 2022, and then in LA in mid 2023.
Also, Waymo (~$30B in 2020) is still an tiny part of Alphabet stock (>$1T), who owns a controlling interest. They have no reason to pump the stock because they have no shortage of capital.
> Where is the actual evidence of this, though? I'm not trying to be snide -- genuinely curious.
That claim was just based off how all businesses work. All the infrastructure, management, training, etc., that scale sublinearly with volume are diluted at large volume.
> Yet Waymo's financials are still buried in Alphabet's "Other Bets" line, which lost $1.2 billion in Q3 2023...
As I said, I definitely think Waymo is losing money overall right now, even in a particular regime.
> Why not blitzscale this thing to all markets and disclose the numbers to investors and send the stock to the moon?
They are in fact expanding rapidly. But this can't be scaled as fast as a software/internet company. They literally have to manufacture custom cars and, crucially, map the region in detail. Remember that Tesla's meteoric rise was ~70% growth per year. For years Waymo was only offering service to the general public in Phoenix. They opened in San Francisco in late 2022, and then in LA in mid 2023.
Also, Waymo (~$30B in 2020) is still an tiny part of Alphabet stock (>$1T), who owns a controlling interest. They have no reason to pump the stock because they have no shortage of capital.