Mark Mahaney

And there was a company 30 years ago that minted a fortune creating the operating system for computers. And now the open question, I think there's going to be a company that's going to mint a fortune creating the operating system, autonomous vehicle operating system for all vehicles. I think that's where Google's going to go with Waymo, whether they win that or not.

And there was a company 30 years ago that minted a fortune creating the operating system for computers. And now the open question, I think there's going to be a company that's going to mint a fortune creating the operating system, autonomous vehicle operating system for all vehicles. I think that's where Google's going to go with Waymo, whether they win that or not.

And my guess is that they probably will. They'll probably beat Tesla just because Tesla's just... Tesla's going to be focused on one vehicle, whereas I think what Waymo's going to do is develop this technology and then be willing to sell it to all OEMs. And so every car that gets bought and sold, my guess is starting 10 years from now,

And my guess is that they probably will. They'll probably beat Tesla just because Tesla's just... Tesla's going to be focused on one vehicle, whereas I think what Waymo's going to do is develop this technology and then be willing to sell it to all OEMs. And so every car that gets bought and sold, my guess is starting 10 years from now,

And my guess is that they probably will. They'll probably beat Tesla just because Tesla's just... Tesla's going to be focused on one vehicle, whereas I think what Waymo's going to do is develop this technology and then be willing to sell it to all OEMs. And so every car that gets bought and sold, my guess is starting 10 years from now,

There's going to be somebody's going to make money off the AV functionality in that. And right now, the leading player to do that is Waymo. So it's absolutely interesting for an investor who's thinking the next year or two. However, you got to first deal with DOJ. You got to first deal with this this AI, you know, this potential disruption before you can get paid on Waymo.

There's going to be somebody's going to make money off the AV functionality in that. And right now, the leading player to do that is Waymo. So it's absolutely interesting for an investor who's thinking the next year or two. However, you got to first deal with DOJ. You got to first deal with this this AI, you know, this potential disruption before you can get paid on Waymo.

There's going to be somebody's going to make money off the AV functionality in that. And right now, the leading player to do that is Waymo. So it's absolutely interesting for an investor who's thinking the next year or two. However, you got to first deal with DOJ. You got to first deal with this this AI, you know, this potential disruption before you can get paid on Waymo.

That's the challenge you have. But, you know, I love Waymo as part of the option value. And I don't know of another tech company. I'm sure there are some that have. have a Waymo, you know, Meta doesn't have a Waymo, but the most interesting one out there, the most interesting option value I see in Techland that I look at is Waymo with Google.

That's the challenge you have. But, you know, I love Waymo as part of the option value. And I don't know of another tech company. I'm sure there are some that have. have a Waymo, you know, Meta doesn't have a Waymo, but the most interesting one out there, the most interesting option value I see in Techland that I look at is Waymo with Google.

That's the challenge you have. But, you know, I love Waymo as part of the option value. And I don't know of another tech company. I'm sure there are some that have. have a Waymo, you know, Meta doesn't have a Waymo, but the most interesting one out there, the most interesting option value I see in Techland that I look at is Waymo with Google.

Well, the biggest overhang on Uber stock, it's not really a tariff issue. I mean, it's, it's, uh, It's got economic whatever. It's a cyclical stock, but it's also got interesting counter cyclical hedges, too, and an economic slowdown. They're just going to be more people needing a side hustle. There'll be more couriers, more drivers.

Well, the biggest overhang on Uber stock, it's not really a tariff issue. I mean, it's, it's, uh, It's got economic whatever. It's a cyclical stock, but it's also got interesting counter cyclical hedges, too, and an economic slowdown. They're just going to be more people needing a side hustle. There'll be more couriers, more drivers.

Well, the biggest overhang on Uber stock, it's not really a tariff issue. I mean, it's, it's, uh, It's got economic whatever. It's a cyclical stock, but it's also got interesting counter cyclical hedges, too, and an economic slowdown. They're just going to be more people needing a side hustle. There'll be more couriers, more drivers.

So there's actually a little bit of a counter cyclical hedge to Uber's business model that I don't see in any of the other models I look at. But the real issue here is robo taxis. And, you know, there's a lot of. debate on this, and some of it I think is a little bit noisy and unnecessary. Here's your simple action question.

So there's actually a little bit of a counter cyclical hedge to Uber's business model that I don't see in any of the other models I look at. But the real issue here is robo taxis. And, you know, there's a lot of. debate on this, and some of it I think is a little bit noisy and unnecessary. Here's your simple action question.

So there's actually a little bit of a counter cyclical hedge to Uber's business model that I don't see in any of the other models I look at. But the real issue here is robo taxis. And, you know, there's a lot of. debate on this, and some of it I think is a little bit noisy and unnecessary. Here's your simple action question.

I mean, do you think that Uber is going to have robo-taxis as part of its network in the future, five and 10 years down the road? I think they will. in part because I think consumers are going to want them, but in part because I think they're going to be multiple AV vendors. That's a risky assumption because we only really have one now, but one that's really commercially been tested.

I mean, do you think that Uber is going to have robo-taxis as part of its network in the future, five and 10 years down the road? I think they will. in part because I think consumers are going to want them, but in part because I think they're going to be multiple AV vendors. That's a risky assumption because we only really have one now, but one that's really commercially been tested.

I mean, do you think that Uber is going to have robo-taxis as part of its network in the future, five and 10 years down the road? I think they will. in part because I think consumers are going to want them, but in part because I think they're going to be multiple AV vendors. That's a risky assumption because we only really have one now, but one that's really commercially been tested.