Uber Joins the S&P 500

Re:Uber Joins the S&P 500 by candiddevmike on Friday December 01, 2023 @07:31PM (#38494520)

> It took a $756 million pre-tax (non-cash) net benefit of unrealized gains related to reevaluating its equity investments. It means their stake in other companies had seen an appreciation in value, which the Company didn't sell or take profits as in unrealized gains and doesn't account for taxes as in pre-tax.

> The Company gained nothing and remains a bagholder in its equity investments, including DiDi, Aurora, Grab Holdings Inc. (NASDAQ: GRAB), and Zomato stakes.

Uber is turning into a financial company like other transportation giants (Delta, AA). Maybe for the best, as I think everyone understands that self driving Uber is a pipedream.

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Re:Uber Joins the S&P 500 by paul7986 on Friday December 01, 2023 @07:39PM (#38494579)

Indeed though Waymo hasn't had any big accidents unless they are keeping them on the down low and or paying lots to the right people.

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Re:Uber Joins the S&P 500 by candiddevmike on Friday December 01, 2023 @07:40PM (#38494586)

Waymo isn't Uber. And I doubt Uber will evere be/acquire Waymo...

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Re:Uber Joins the S&P 500 by rsaesha on Friday December 01, 2023 @08:15PM (#38494802)

What is specifically stopping Uber from providing an autonomous driver service so hard to warrant being classified as a pipedream event?

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Re:Uber Joins the S&P 500 by kevinventullo on Friday December 01, 2023 @08:28PM (#38494904)

Not OP, but Uber recently announced a partnership with Wayno: https://investor.uber.com/news-events/news/press-release-det...

Not a nail in the coffin, but it doesn’t exactly spark confidence in their own efforts.

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Re:Uber Joins the S&P 500 by fyrn_ on Friday December 01, 2023 @09:27PM (#38495287)

Selling off their self driving division in 2020 is probably the more telling sign for their own efforts

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Re:Uber Joins the S&P 500 by cloudwalking on Friday December 01, 2023 @08:32PM (#38494929)

Uber sold its autonomous division to Aurora in 2020 https://www.reuters.com/article/us-uber-atg-idUSKBN28H2RX/

Uber's self-driving dreams rest on a partnership with Waymo (and whoever else eventually produces a safe autonomous vehicle).

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Re:Uber Joins the S&P 500 by wubrr on Friday December 01, 2023 @08:35PM (#38494941)

If they made self driving with the same quality as they made their apps, they'd get shut down pretty fast.

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