Author argues Uber is a dying company whose earnings already show deterioration from autonomous vehicles, with no innovation or new products.
UBER — SHORT The author argues Uber is a dying company that does nothing proprietary, with no innovation or new products, and simply hopes Google, Tesla and Nvidia will pay it 30 percent to do nothing. The causal mechanism is that autonomous vehicles will slowly deteriorate the company into nothingness, and the author claims this is already showing in the earnings. No specific catalyst date or price target is given, and the main risk implied is that the AV transition could take longer or Uber could capture value from it.
Uber is the new Paypal, autonomous vehicles will slowly deteriorate this company into nothingness and its already showing in the earnings.