Public Executive Summary
UBER's core ride-sharing business, which generates the majority of its gross bookings, is now facing a credibly dated displacement cycle. Applied Intuition's co-founders — operators with deployed autonomous fleets — stated on July 21, 2026 that robotaxi service will be routine across the top 200 US cities by 2028–2030. Waymo is already eroding UBER's urban share in San Francisco. UBER trades at a PEG of 5.85 with no dividend, price 11% below its 200-day SMA, and HEAVY senior-level economic insider selling of $462M net over 90 days. The prior HOLD (June 2026) is no longer defensible given the c
Why It Matters
UBER's core ride-sharing business, which generates the majority of its gross bookings, is now facing a credibly dated displacement cycle. Applied Intuition's co-founders — operators with deployed autonomous fleets — stated on July 21, 2026 that robotaxi service will be routine across the top 200 US cities by 2028–2030. Waymo is already eroding UBER's urban share in San Francisco. UBER trades at a PEG of 5.85 with no dividend, price 11% below its 200-day SMA, and HEAVY senior-level economic insid