California Regulator Has Suspended Waymo's Application To Expand Driverless Services To Portions Of Los Angeles Area And Additional Parts Of San Francisco Peninsula Until June 19
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California's regulator has suspended Waymo's application to expand its driverless services to parts of Los Angeles and additional areas of the San Francisco Peninsula until June 19, according to Reuters.
February 21, 2024 | 5:36 pm
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Waymo, a subsidiary of Alphabet Inc. (GOOGL), faces a regulatory delay in expanding its driverless services in California until June 19.
The suspension of Waymo's application by California's regulator directly impacts Alphabet Inc.'s subsidiary, potentially delaying its expansion plans and affecting investor sentiment. This regulatory hurdle could lead to short-term negative sentiment towards GOOGL's stock as it may delay potential revenue growth from these expansions.
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