Uber Stock Falls 4.8% as $10 Billion Robotaxi Bet Expands

Uber's stock fell 4.8% after the company provided softer-than-expected third-quarter earnings guidance, despite strong operating growth. The company also announced plans to invest over $10 billion in expanding its robotaxi initiatives and recently acquired Delivery Hero for $14.8 billion. While its core business is thriving, investors are scrutinizing whether these massive investments will strengthen its competitive position or weigh on financial returns.