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All that may be true. Human drivers are not the point of comparison. The search business is. Waymo will still always be a lower margin business than search for
by next_xibalba 1y ago
All that may be true. Human drivers are not the point of comparison. The search business is. Waymo will still always be a lower margin business than search for the reasons I enumerated.
Waymo may end up being great business. But it is unlikely to exceed what search is/was. For that reason, press X to doubt GP's claim that Alphabet is undervalued. "IT'S PRICED IN" [1]
[1] https://www.reddit.com/r/wallstreetbets/comments/eberem/everything_is_priced_in/ https://www.reddit.com/r/wallstreetbets/comments/eberem/ever...
- hadlock 1y agoIt's unlikely to exceed what search was, but transit is a much more reliable bet for continued revenue. I don't think anyone is betting on ad revenue being reliable at Google long term anymore.