Robotaxis could slowly be coming for Uber and Lyft drivers' earnings [Business Insider]
Uber Technologies, Inc. (UBER)
Last uber technologies, inc. earnings: 2/6 04:05 pm
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Source: Business Insider
Many drivers told BI that the gig has become less profitable recently due to increased competition. Regulatory hurdles and operating challenges could slow the rollout of robotaxis across the US. As the adoption of driverless taxis spreads across the US, ride-hailing experts told Business Insider that Uber and Lyft drivers could see their earning opportunities slowly deteriorate. Carl Benedikt Frey, a professor of AI and work at the Oxford Internet Institute, told BI there's little evidence that robotaxis like Waymo One have had a material impact on Uber and Lyft drivers' earnings in the markets they're operating. Drivers still outnumber these vehicles, and Frey said Waymo One rides can be more expensive than traditional ride-hailing trips — which may deter some customers. He added that these prices are unlikely to stay so high forever, and as more robotaxis hit the road, it could become more difficult for Uber and Lyft drivers to earn a living or supplement their incomes. "Wh
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UBER
Earnings
- 10/31/24 - Beat
UBER
Sec Filings
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- 11/19/24 - Form 4
- UBER's page on the SEC website