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GOOG
Benzinga
68 days

Waymo's Pricey Rides Are Still Stealing Uber, Lyft Customers

1. Waymo's robotaxi rides are the most expensive among competitors. 2. Demand for Waymo remains high, despite higher pricing. 3. 70% of users prefer Waymo over traditional ridesharing services. 4. 16% of riders are willing to pay extra for the Waymo experience. 5. High demand indicates strong brand and user experience appeal.

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FAQ

Why Bullish?

High demand despite premium pricing supports GOOG's market position, similar to historical trends with dominant tech firms maintaining growth despite premium products.

How important is it?

The rise in demand for Waymo indicates competitive advantage and potential revenue growth for GOOG, relevant for investors.

Why Long Term?

As autonomous vehicle technology matures, sustained demand for Waymo can secure long-term profitability, akin to past tech industry growth trajectories.

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