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

Higher Gold Prices Are Changing What Counts as a Real Discovery | Mike Bennett – Altamira Gold

Why Silver Still Hasn’t Seen the Real Mania | Craig Hemke

Why Copper Needs a Much Higher Price to Fix the Supply Problem | Greg Ferron – PTX Metals

Recommended

Crossroads Gold Closes Rox-ex Acquisition, Adds Pambula and Club Terrace to Australian Pipeline

Goliath Resources Kicks Off Fully Funded 50,000 Metre Drill Program At Surebet

Related News

Uber “Currently Responding To A Cybersecurity Incident” While The 18-Year Old Hacker Openly Discusses How He Did It

Uber Technologies, Inc. (NYSE: UBER) said on Friday that it is “currently responding to a...

Friday, September 16, 2022, 10:14:00 AM

California Voters Pass Proposition 22 Sending Uber, Lyft Shares Soaring

Tuesday was not only a day for the most anticipated election in recent history, but...

Thursday, November 5, 2020, 04:50:00 PM

Uber Drives US$17.46 Billion In Revenue, US$496 Million Net Loss In 2021

Uber Technologies, Inc. (NYSE: UBER) released on Wednesday its fourth quarter and full-year 2021 financial...

Thursday, February 10, 2022, 11:26:00 AM

Uber and Lyft Face Mounting Driver Shortages as Demand for Travel Picks Up

With the US economy roaring back to life, a number of industries are getting prepared...

Tuesday, July 6, 2021, 02:36:00 PM

Uber Mulls Taking Toronto To Court After City Votes To Cap Ride-Hail Licences

Toronto’s battle with its congested road network’s contribution to climate change has led to a...

Thursday, October 12, 2023, 08:34:36 AM