Uber Technologies' stock fell 20% even after reporting strong first-quarter results and announcing a €12.7 billion acquisition of Delivery Hero, which will create a global duopoly with DoorDash in food delivery. The company is also advancing its autonomous vehicle efforts with a $500 million investment in Nuro and new partnerships, despite ending its relationship with Waymo. Growth in Uber One memberships and hotel bookings through Expedia support confidence in Uber's undervaluation and future growth potential. These strategic moves position Uber for enhanced scale and improved platform economics.
Uber is expected to report Q2 results in line with or slightly above expectations, with revenue around $14.2 billion and strong gross bookings growth. Analysts from Bank of America and Jefferies highlight that investor focus will be on Uber's autonom...
Chinese tech company Baidu has started testing autonomous vehicles in London in partnership with Lyft and Freenow, a German multi-mobility app owned by Lyft. The tests, which include human safety operators, are part of a plan to deploy Baidu's Apollo...
Waymo and Uber's exclusive partnership for robotaxi rides in Austin and Atlanta will end in early 2028, as Waymo plans to launch its own app in these cities. This change reflects Waymo's growing presence in the robotaxi market across multiple U.S. ci...
Waymo is reportedly seeking to exit its partnership with Uber, which currently offers Waymo's robotaxis on Uber's platform in Austin and Atlanta. The contract between the two companies is set to end in May 2028, with Waymo planning to launch its own ...
