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Uber reported a first-quarter revenue of $13.20 billion, which illustrated a 14% YoY jump.
Uber reports no negative business impact from Waymo's autonomous vehicle launches.
KEY POINTS
- Uber has allocated over $10 billion to expand its Robotaxi initiatives and acquire operator stakes.
- Uber now offers Waymo robotaxis on its platform in both Atlanta and Austin.
- Despite strong growth metrics, Uber shows poor stock momentum across all time frames per Benzinga Edge.
COMPANIES
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