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Uber Technologies (UBER) Falls on Lyft-Waymo Expansion Deal
Yahoo Financeยท 2025-09-18 15:19
Group 1 - Uber Technologies, Inc. shares fell by 4.99% to $92.95 as investors reacted to Lyft's partnership with Waymo for autonomous driving expansion in Nashville [1][2][4] - Lyft's partnership with Waymo will allow riders to book fully autonomous vehicles through the Waymo app, with availability on the Lyft app starting in 2026 [4] - The agreement includes Lyft constructing a dedicated AV fleet management facility, which investors perceive as a competitive threat to Uber, given Waymo's affiliation with a major technology company [4]