Reported 1 day ago
Uber's stock fell over 4.5% after Lyft announced a partnership with Waymo to launch self-driving services in Nashville, raising concerns about Uber's competitive advantage in the autonomous vehicle market. With Waymo aiming to deploy more self-driving vehicles, investors are worried that Uber may have diminished prospects in this space, despite its recent stock performance boost of nearly 50% this year.
Source: YAHOO