Uber Technologies Inc. has officially launched its Uber Air electric air taxi service in Dubai in partnership with Joby Aviation, allowing users to book air taxi rides through the Uber app. This initiative marks a strategic shift towards urban air mobility as Uber aims to expand its transportation offerings beyond traditional services. Despite mixed financial results and recent investor concerns over AI's impact on jobs, Uber remains focused on innovation, planning additional rollouts of this service to multiple cities in the future.
“Uber Technologies (NYSE:UBER) has launched Uber Autonomous Solutions to support commercial use of autonomous vehicles across its platform. The company is preparing to introduce Uber Air, with Joby electric air taxis set to operate in Dubai and other planned global cities through the Uber app.”
“As Uber rolls out AVs and air taxis in select cities, you can watch for how the company prices these options, structures partnerships and manages safety and regulatory milestones over time.”
“✅ Simply Wall St Valuation: Shares are flagged as undervalued, trading 56.3% below the platform's estimated fair value.”
“it's a bit concerning to see that its as-yet-unproven technology and business model are being valued far higher than companies that are successfully operating similar businesses, like Uber Technologies”
“Cramer replied: I want you to stay in Uber. You gotta think really long term about this because I think this is a company that’s taking over the world, and we’re having some short-term volatility in it that I think is going to end. The stock is way too cheap.”
“I don’t think it goes much below that.”
“His fiery personality in government is in keeping with his reputation at Uber, where he served as former CEO Travis Kalanick’s right-hand man and was a fixture of its early successes. During his four years at the company, he helped transform Uber from a scrappy startup on tenuous regulatory footing into a household name and mainstay of global transportation.”
“the gig-economy stocks like DoorDash and Uber were affected by a viral Substack post that predicted a decline in business due to potential AI job loss.”
“the report essentially functioned as a short-seller report disguised as a macro think piece in an already jittery market which includes Uber Technologies Inc.”
“The beaten-down software-as-a-service (SaaS) sector took a hit, as did the big payment networks, like Visa and Mastercard, and gig-economy stocks like DoorDash and Uber.”
“For starters, it’s working with Uber (UBER) and expects to fly their first passengers later this year in Dubai.”
“Morgan Stanley believes Joby has a major edge thanks to its partnership with Uber. Once integrated, users will be able to book Joby flights directly through the Uber app.”