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Top Fund Manager Says Doubting Uber's Driverless Future Is 'Like Betting Against Amazon'

Benzinga LogoBenzinga11h ago

Top Fund Manager Says Doubting Uber's Driverless Future Is 'Like Betting Against Amazon' - Benzinga

Quick Summary:

What Happened: Black said in a post on social media platform X that he expects Uber will offer autonomous rides as an option on its app in addition to other available options such as Black, X, and Comfort.“With more drivers and cars than any other network, why wouldn't UBER remain the largest ride-hailing player in the world as long as it offers driverless?

The Future Fund Managing Partner Gary Black sees Uber Technologies (NYSE:UBER) continuing to be the largest ride-hailing player globally in the future if it offers autonomous rides as well.

It would be like betting against Amazon just because individual manufacturers can now sell direct,” Black said.“It couldn't be any clearer.”


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Article Details

Author / Journalist: Anan Ashraf

Category: Technology

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-31 @ 11:19:34 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 403 words

Reading Time: 3 minutes read

Sentences: 16 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 25667218

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Official Website: benzinga.com

Update Frequency: 18 posts per day

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News Last Updated: 8 hours ago

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