🔴 UBER is trading 4.2% down today as Waymo robotaxi partnership ends

UBER is trading 4.2% down at $72.37 following the announced conclusion of its Phoenix robotaxi partnership with Waymo.

• The end of the agreement shifts the two companies from collaborators to direct competitors in the autonomous ride-hailing market.
• The stock's decline contrasts with broadly positive U.S. equity markets, indicating the move is driven by company-specific concerns regarding Uber’s long-term autonomous strategy.