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Uber Q3 Earnings: Is Autonomous Driving A Risk?

Monday, November 4, 2024, 05:57:00 PM

Surprise surprise. We’ve got another set of disappointing Q3 tech earnings.

The latest culprit? Uber.

The ride hailing platform saw its stock crater nearly 11% by midday on Thursday, following the company releasing guidance that suggests that momentum may be slowing in the company’s growth, with the guidance failing to meet analyst expectations.

Lets dive in.

Information for this story was found via the sources and companies mentioned. The author has no securities or affiliations related to the organizations discussed. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

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Welcome to The Deep Dive, where we focus on providing investors of Canadian junior stock markets the knowledge they need to make smart investment decisions. We take a closer look at all data relating to organizations to create quality stock analysis for investors. Not a recommendation to buy or sell securities. Always do additional research and consult a professional before purchasing a security.