Uber Technologies: Record with 208 Million Users is Key to Success with Robotaxis

Uber Technologies (UBER) confirms my bullish outlook with reported records in Q2 for frequency, users, and bookings. The missed revenue and earnings expectations, as well as the weaker EPS forecast, are likely to only temporarily hinder the story. I see the now 208 million monthly active platform users and its positioning as a demand generator for AV partners as key to conquering the robotaxi market. Uber accelerates its ride-hailing business by 18% or 3.9 billion rides. Of the approximately 300 million rides per week, significantly less than 0.5%...