
Uber Technologies Inc. CFO expressed confidence in the company's mobility business, projecting growth rates in the 'high teens to low 20s' for at least the first few quarters of 2025 during the Barclays 22nd Annual Global Technology Conference. Despite this optimistic outlook, Uber's stock closed down 5.82% on December 11, 2024, and is currently trading approximately 30% below its all-time high. The company is running at about $165 billion in annual gross bookings, with an average ride fare around $20 and delivery baskets slightly above $30. Analysts have noted that hedge funds have been offloading shares, contributing to the stock's decline. In the last two months, Uber's shares have dropped by 31%, raising questions about whether this presents a buying opportunity as some analysts still view Uber as a top pick for 2025 with significant upside potential.
Wait times for Waymos are pretty high during peak hours but i've noticed Uber wait times have been higher during peak times as well. Hmmm do the robots take over?
SF is a growing market for rideshare. Even with Waymo on the road, our market share remains strong. In the SF Waymo ODD, @lyft market share was 30.6% in Nov 2024 vs. 30.7% in Nov 2023, according to our validated external data source.
😂 😂 listen to @downtown comments regarding the massive selloff on @uber shares, down 30% from a 6 weeks ago, catching a falling 🔪 or is it a buy like he says! Would love to have him on SMTMC to discuss this, he thinks Uber has a supply problem! WOW! https://t.co/hPVSik7u16





