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.Then they were going to be mobility service - cars, bikes, scooters, everything would go through them. But no more.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?