GM's decision to shut down its Cruise robotaxi program continues to ripple through the market, extending to the self-driving car company's minority

Microsoft announced its minority investment in January 2021, joining Honda and other institutional investors. All told, the players invested $2 billion at the time, bringing the post-money valuation of Cruise to $30 billion. What a difference a few years makes.

Microsoft said on Wednesday it would take an $800 million charge to write down its investment in Cruise—GM’s troubled robotaxi unit. Cruise lost its license to drive in California in October 2023 after a Cruise robotaxi dragged a pedestrian.