Uber loses $2.9B, offloads bike and scooter business
First, they were gonna make the jump to be an autonomous robotaxi service, but that's going nowhere fast.<p>Then they were going to be mobility service - cars, bikes, scooters, everything would go through them. But no more.<p>So what are they going to be now? Just milk their taxi service until Waymo, Tesla or whoever comes and wipes them off the market? Honestly, what are their long-term prospects? I've been staying away from Uber stock because they have a market cap of 50B. They're not going to be paying dividends, so what's going to make them be a 100-200B company?