what is happening to Uber
title says it all. why are all ppl dumping Uber stocks. It has a giant market share of a giant market. I dont see that changed. they have a bad quarter. thats it. am i wrong?
They lose a shit-ton of money, and their moonshot to profitability was self-driving cars, and now they are screwed on self-driving after the Waymo lawsuit.
Waymo suing again? That was like 2-3 years ago.
Nope not again. I’m just saying why I think Uber is screwed long term.
Uber doesn't have anything special. They lose tons of money, their autonomous cars kill people, and anyone else can step into the market (like Lyft).
I feel like *takes breath* They lose tons of money, their autonomous cars kill people, and anyone else can step into the market (like Lyft).
Keep talking boys/girls so the stock goes down so I can buy some more cheap
Uber tried to expand too fast. It doesn't have capital to sustain the development of self driving cars. On the other hand Lyft maintains good pricing. Great customer service too. Uber was defeated in many international markets. It went in without doing their homework and were beaten by local companies.
^^ this. Imho as a Lyft employee I worry that Uber will move into a market first, ruin it, and leave a series of smoking holes in the ground rather than Greenfield markets worldwide.
Pls we're talking about international markets here
California might classify their independent contractors as employees. That's the day stock will tank 20%
They've also lost a ton of market share in Asia (Grab, Didi, etc) and will most likely see ridership dipping in other markets they invested heavily in as localities continue to implement new regs and oversight
Uber partnered with Didi. They agreed to exit the Chinese market in return for a stake in Didi (effectively a fixed share of a massive market). Gives them exposure to a market that is notoriously difficult for US tech companies to even enter...
Investor jitters. Steel your nerves if you do the single stock picking game.
So if I understand the logic of folks here, things that happen 5-3 years ago are impacting the recent, short term price? Yeah, right...
The dream is collapsing