00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Waymo launched a new subscription tier called Waymo Premier,
00:06priced at $29.99 per month,
00:09targeting frequent riders in San Francisco, Los Angeles, and Phoenix, according to CNBC.
00:14The invite-only plan offers prioritized matching,
00:18up to five free monthly cancellations,
00:20and 10% back-in loyalty credits called Waymo Cash.
00:24The offering is part of Waymo's broader push to monetize power users as it expands,
00:29including a planned launch in London later this year.
00:33Alphabet's other bet segment, which includes Waymo,
00:36posted a $2.1 billion loss in the first quarter,
00:39down from $1.22 billion a year earlier,
00:42with revenue falling to $411 million from $450 million.
00:47Waymo raised a $16 billion funding round in February,
00:51valuing it at $126 billion.
00:53For all things money, visit Benzinga.com.
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