
Uber Technologies Inc. reported strong earnings, highlighting profitable growth and a robust membership program. The company's CFO stated that they believe the stock remains undervalued and plan to be active buyers. The earnings call revealed that Uber One, the company's membership program, added 5 million members this quarter, reaching a total of 30 million, which represents a 60% year-over-year increase. The CEO emphasized the company's aggressive investment in the autonomous vehicle sector, indicating that Uber is well-positioned to capitalize on the anticipated $1 trillion market for autonomous vehicles in the U.S. He acknowledged the uncertainties but also the significant opportunities presented by this technology.
Uber CEO: Autonomous vehicles introduce both uncertainty and huge opportunity https://t.co/Ybe4khPsFF
$UBER Uber CEO thinks autonomous $1tln market in the US
$UBER ‘s autonomy strategy is getting very very interesting. If executed properly, @Uber will play a very large role in the future of autonomy (autonomous vehicles and trucks).