News just out. Happy for folks at Zoox. Reportedly just over $1B https://www.google.com/amp/s/www.cnbc.com/amp/2020/06/26/amazon-buys-self-driving-technology-company-zoox.html
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With over 950M raised, this is basically enough to return dollars to investors. Dunno what their last valuation was, but likely a few billion - so not a particularly good outcome for Zoox, and Amazon will figure out a way to extract at least a few billion in value from the company.
Let’s hope this end up OK for us...?
There is news that zoox head of Perception and Motion planning are heading to Waymo
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Valued at over $3 billion in 2018, sold for over $1 billion now. Are all autonomous car companies over valued? Yes they are, this is proof!
In 2020? Absolutely. 5-10yrs from now? Likely not.
Depends, the cash burn to play in this space is really high. If it costs 50 billion to make a company that's worth 100 billion in 10 years then the return is pretty crappy.
Can Zoox ppls talk about what is the retaining offer like?
Wow, good for them!
This ia probably not good news for Cruise.
Why not?
Look at Twitch and Audible before and after Amazon bought it. Good tech + money and infrastructure to back them up will be hard to beat
Great news! Now I can apply for a job there
Why can’t you Apply before ?
As a startup, what a horrible idea to make your own cars. Hiper capital intensive. As an Amazon company, if they do it, they will have Amazon as a guaranteed customer. Also as a startup they can not afford me (I don't like startup options from past experience) , as Amazon, I do like Amazon stock