Uber & Lyft Stocks Plunge As Waymo Expands

[@Therideshareguy]

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[@quantarrow]

I'm surprised that you just mentioned and recommend Mr Robert Cox. I met him at a conference in 2018 and we have been working together ever since.

[@babajinde]

Uber stock down .68% this week, where is the plunge you assert?

[@kenhhoaky314]

Uber and lyft make profits now because the CEO buys low - than sells high.

[@sk-un5jq]

We're so screwed. Get ready for another MASSIVE pay cut when Waymo rolls out in other major markets.

[@josephinemiller4780]

Waymo has been here in Austin. Ubers pay has gone down. And I saw a video from San Francisco where a bunch of people set fire to a Waymo. I’m guessing they are rideshare drivers.

[@alexsf4248]

Technology is ahead of infrastructure. Before the pandemic 25% of Uber’s Rideshare revenue came from 5 cities worldwide. NY, LA, SF, London & São Paulo (Brazil). In the heart of these cities were the the demand is the greatest, Rideshare drivers pickup and drop off passengers 97% of the time at illegal spots. Autonomous vehicles can’t be programmed to break traffic laws and be free from liability in case of a serious accident, so they for the most part stop in the middle of the traffic lane. If you eliminate human drivers traffic gridlock will occur. Also the demand is much lower during the middle of business days, where will the surplus autonomous vehicles go and park and if they do leave and come back to the heart of these cities wouldn’t additional traffic congestion occur? Until public parking on major commercial corridors in the heart of these most profitable cities exists, it will be impossible to transition to autonomous vehicles in scale. Currently speculation in the stock market is the only profitable avenue for Waymo, Zoox & Tesla backed by the wealthiest companies around, Alphabet (Google), Amazon and the richest man on earth, Elon Musk.

[@billybobbonehead]

As a rideshare driver, I love to see them fail. Glad this is just my right now gig and not my forever gig.

[@NicksPerspective]

Waymo has seriously affected business in Scottsdale. I’m telling you if Waymo goes nationwide, Rideshare as an occupation is over. I hear riders tell me in a waymo they: Listen to whatever they want. Don’t have to talk to the driver. Don’t have to tip. Lyft is in trouble. I don’t drive uber. They are trash.

[@snow-uq4gx]

Uber does 2.5 million trips a day in usa alone..untll the robots take 50% then we have a problem

[@edmor127]

I dont know how many times I have to say it....uber doesn't pay drivers anything....they rent vehicles..... They pay for acive time of the vehicle....the driver picks up any other cost especially maintenance....now they have a new vehicle to rent and and also pickup the cost that the drivers covered.....not save anything!!!!!!!

[@Sky_daddy_above]

We have known about waymo since 2018

[@Onlyinbean]

yep and they are not doing good because of safety concerns

[@wilfordfootball79]

​@@Onlyinbean exactly that part I heard they had lot and lot of driverless car accidents at very high rate smh

[@sk-un5jq]

@@Onlyinbean They don't care about safety and it will eventually be safer than most drivers which will help reduce their insurance costs.

[@snow-uq4gx]

And all these channels do is complaining no one setting up massive stirke boycott or activism on behalf of the human drivers

[@museramos5613]

I literally can’t make $200 in 12 hrs in L.A. it’s sad

[@snowflakeca2079]

2025 will be the last year of Lyft Uber Taxis FSD/ Robotaxis will be produced at a 1.5M- 2M units year ONE… Get a Tesla now. While the tax credit is here… Don’t forget to buy FSD. 🇺🇸

[@jaime9331]

2025 no more fulltime rideshare; hopefully not even part time.if we are replaced, at leats I want to see them in bankruptcy and facing lawsuits.

[@brianbyrem1834]

Sergio just needs views again.

[@Sky_daddy_above]

@@brianbyrem1834 💯

[@jimmygorgeous]

No more human drivers all robotsxis

[@snowflakeca2079]

WAYMO is BS. Going “bye-bye”

[@jimmygorgeous]

The drivers are not needed there will be 100% waymo worldwide no more human driver for car 🚗 or truck 🚛

[@bradbudish7255]

Plunge lol