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Uber Technologies and WeRide announced a partnership on Wednesday to bring the Chinese self-driving technology firm's vehicles to the rideshare platform, starting in the United Arab Emirates.
SAN FRANCISCO & GUANGZHOU, China--(BUSINESS WIRE)--WeRide, a global leading autonomous driving technology company, and Uber Technologies, Inc. (NYSE: UBER), the world's largest mobility and delivery technology platform, today announced a strategic partnership to bring WeRide's autonomous vehicles onto the Uber platform, beginning in the United Arab Emirates. The partnership is expected to launch first in Abu Dhabi later this year. A dedicated number of WeRide vehicles will be made available to.
Oasis fans are furious with Ticketmaster, but analysts expect dynamic pricing to become more widespread because it maximizes profit margins.
Uber Technologies (UBER) closed at $74.71 in the latest trading session, marking a +1.04% move from the prior day.
Uber's growth, monetization, and profitability, driven by a sticky, high-spend user base, have led to an 81% return since our first 'Strong Buy' rating in June 2023. In April of this year, we downgraded Uber as we weren't sure how management would navigate an AV future, but the expanded Waymo partnership has put our concerns to rest. Uber's userbase and technical prowess should power strong growth and profitability into the future.
Darden Restaurants plans to start delivering Olive Garden food via Uber later this year, according to a Thursday announcement from the company.
Uber stock is seen as a potential beneficiary of autonomous vehicles, so long as it can build off recent Waymo deal.
Uber has announced the nationwide launch of two features designed to improve the safety of drivers: rider verification and the ability to record video and audio during trips with their smartphones.
Uber Technologies Inc. UBER stock has had an impressive run this year, up a stellar 25.37% year-to-date and a whopping 57.36% in the past year.
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