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Uber Promises to Spend $10 Billion On Robotaxis as Growth Disappoints Investors
['Jamie Wilde', 'Guest Contributor To The Daily Upside']
The Daily Upside
Uber could be the next Blockbuster — or Kodak, Polaroid, Borders … any company that was rendered irrelevant by new tech.
After reporting slowing growth and soft guidance, Uber saw its stock fall nearly 8% Wednesday.
But that could all be in the rear-view as investors focus their attention on Uber’s place in the robotaxi race.
Partner Up: Uber’s partnership with Waymo in select cities lets riders order Waymos from within the Uber app.
At the same time, Uber has a plethora of other partners, including Zoox and UK-based Wayve.