Why Uber Technologies Stock Was a Dog in December
Portfolio Pulse from
Uber Technologies' stock fell over 16% in December due to setbacks in autonomous vehicle development.
January 08, 2025 | 10:30 pm
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Uber Technologies experienced a significant stock decline of over 16% in December, primarily due to a retreat in autonomous vehicle development.
The decline in Uber's stock is directly linked to the slowdown in autonomous vehicle development, which is a critical area for the company's future growth and innovation strategy. This news likely caused investor concern, leading to a sell-off.
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