Alphabet loses $482 billion in market value, Waymo incurs heavy losses

• Alphabet's market value dropped by $482 billion, marking its worst day since 2004.
• Waymo, part of Alphabet's Other Bets, reported a loss of $2.05 billion.
• Waymo's backers valued the company at $126 billion.
• Waymo's revenue contribution to Alphabet was $372 million, representing 0.29% of Alphabet's total sales.
• Waymo is expanding its operations to London and Tokyo despite ongoing financial challenges.