[aurareturn]

  I think it's great we finally have self-driving cars, but why the huge valuation? Waymo has the enormous capital cost of owning the cars. Unlike taxi companies they don't push that capital cost to their drivers.

Ultimately, it's still the riders who pay for the drivers and their cars in a traditional taxi company and Uber. The cost of the car doesn't just disappear.

[rwmj]

Unfortunately that's not always true. Taxi drivers often work for below minimum wage, or even occasionally below cost.