Uber Q3 Earnings: Is Autonomous Driving A Risk?

Surprise surprise. We’ve got another set of disappointing Q3 tech earnings. 

The latest culprit? Uber.

The ride hailing platform saw its stock crater nearly 11% by midday on Thursday, following the company releasing guidance that suggests that momentum may be slowing in the company’s growth, with the guidance failing to meet analyst expectations.

Lets dive in.


Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

Video Articles

Eldorado Gold: The $3.8 Billion Foran Mining Acquisition

Silver Tiger’s $2.35B Silver Blueprint: Two Mines, One Perfect Metals Market

Gold Is At Records. Barrick Mining Is Printing Cash. The Stock Still Fell. | Q4 Earnings

Recommended

Canadian Copper Plans 2,500 Metre Drill Program For 2026

Mercado Receives Permits For Planned 3,000 Metre Drill Program At Copalito

Related News

Uber Announces it will be Further Reducing its Workforce by 3,000 Employees

It appears that the coronavirus pandemic has been hitting the travel industry exceptionally hard. Earlier...

Wednesday, May 20, 2020, 01:39:00 PM

Uber Partners With Hertz For Tesla Rental Program For Drivers

And the Tesla (NASDAQ: TSLA) pump goes on. The company is currently up 1.77% in...

Wednesday, October 27, 2021, 08:38:21 AM

UBERMensch: The Rise Of Uber In The Logistics Economy

Feature image adapted from original art by Victor Bonaccius. It’s difficult to write about UBER...

Sunday, August 15, 2021, 09:00:00 AM

California Considers 90% Electric Vehicle Mandate For Uber And Lyft By 2030

California regulators are set to discuss imposing on ride-hailing companies Uber (NYSE: UBER) and Lyft...

Thursday, May 20, 2021, 08:14:12 AM

Uber: Analysts Expect Q1 Net Income To Approach Negative $1 Billion

Uber (NYSE: UBER) will be reporting its first quarter financial results today after market close....

Wednesday, May 5, 2021, 02:44:00 PM