Among the reasons for the reduction are the company’s lower logistics value — the industry is developing slower than analysts expected — and lower profitability for ride-sharing because Morgan Stanley underestimated how long safety drivers were likely to ride along in self-driving cars. Read More...
Morgan Stanley lowers Waymo valuation by 40 percent to $105B
Among the reasons for the reduction are the company’s lower logistics value — the industry is developing slower than analysts expected — and lower profitability for ride-sharing because Morgan Stanley underestimated how long safety drivers were likely to ride along in self-driving cars.
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