Why Uber Technologies Stock Was a Dog in December
Uber(UBER) The Motley Fool·2025-01-08 22:15A retreat in the development of autonomous vehicles was the major news item decelerating the stock of rideshare incumbent Uber Technologies (UBER -1.88%) in December. As a result, the shares skidded to a more than 16% loss in value over the month.Robotaxi retreatThat news came from storied U.S. auto manufacturer General Motors on Dec. 10 when it announced that it will no longer bankroll the development of a specialized robotaxi under its Cruise autonomous-driving division.In its official press release annou ...