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I expect Uber is feeling extreme pressure to stay relevant, which may means changing the operational model significantly


100% this. Dara came in and pulled all the P&L levers he could- basically closing down their own autonomous unit and buying a stake in aurora technology to allow another company to lose money and not have it show on their balance sheet. Then raising prices and lowering pay as much as possible.

They are now entirely reliant on quarter to quarter consumer spending and the performance of three stock holdings which are completely out of their hands.

Expect more and more manufactured headlines to keep the AV story in tact.




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