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A new round of funding will help Waymo scale its business.
Waymo, the "other bet" started by Alphabet (GOOG 2.50%), has raised another $5.6 billion from investors and this could help the company scale to be a huge ride-sharing platform. In this video, Travis Hoium breaks down why this is such a big deal for the company.
*Stock prices used were end-of-day prices of Oct. 24, 2024. The video was published on Oct. 24, 2024.
Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Travis Hoium has positions in Alphabet, General Motors, and Mobileye Global. The Motley Fool has positions in and recommends Alphabet, Tesla, and Uber Technologies. The Motley Fool recommends General Motors and Mobileye Global and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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