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Waymo is getting into the corporate travel business

1. Waymo launches 'Waymo for Business' for corporate robotaxi services. 2. First client includes Carvana, boosting Waymo's enterprise reach. 3. Service expands into major U.S. cities, enhancing competition with Uber and Lyft. 4. Waymo sees significant reliance on its service for commuting among locals. 5. Partnerships and airport access drive customer attraction and growth.

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FAQ

Why Bullish?

Waymo's new corporate service could significantly increase user base. Historically, such expansions bolster parent company performance.

How important is it?

The introduction of corporate services can lead to increased revenue and market dominance, impacting investor sentiment towards GOOG.

Why Long Term?

As Waymo expands, its sustained growth could positively influence GOOG's stock. Similar expansions have benefitted tech companies significantly over time.

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