I found this section interesting (of the TCI letter referenced in posts above) and I wonder how much this is factoring into Google exec thinking? > Reduce loss

I found this section interesting (of the TCI letter referenced in posts above) and I wonder how much this is factoring into Google exec thinking? > Reduce losses in Other Bets > Over the last five years, Other Bets has generated only $3 billion of cumulative revenues but incurred a massive $20 billion of cumulative operating losses. Alphabet's investments in Other Bets have been unsuccessful. Alphabet should reduce annual operating losses in Other Bets (which we expect to amount to $6 billion this year) by at least 50%. > The biggest component of Other Bets is Waymo. Unfortunately, enthusiasm for self-driving cars has collapsed and competitors have exited the market. Ford and Volkswagen recently decided to shut down their self-driving car venture, saying: "We have looked at this every way you can and we just see the profitability a long way out." Waymo has not justified its excessive investment and its losses should be reduced dramatically. And is this kind of thinking just bandwagon, and not potentially accounting for some distinctive performance that Waymo may be on the verge of? (of course, seems like every AV company promises they're on the verge of something breakthrough)