Why Uber Technologies Plunged Today

Autonomous competition may be creeping. Shares of Uber Technologies (UBER -9.60%) fell 9.6% in today's trading. At first it may seem odd for Uber to be falling, as the company didn't make any major announcements today. However, a possible future competitor did, with big potential long-term implications. Waymo is coming to Miami On Thursday, autonomous ride-hailing company Waymo, which is majority owned by Alphabet (GOOG -1.01%) (GOOGL -0.99%) , announced it would be expanding to Miami in 2025, with the goal ...