Doesn’t this blow Ubers value prop out the window to investors?
Did they just fold?
Did they just fold?
> As part of the agreement between the two companies, Uber is taking a 26 percent stake in the start-up and Mr. Khosrowshahi will take a seat on the Aurora board of directors.
> “Uber can still have a hand in the game, without putting out the enormous amount of money they were spending with A.T.G., but still have a path to market when this technology is actually deploy-able in several years,” said Elliot Katz...
It was the equivalent of taking 18 months off to get over a bad breakup, for the whole country. And it was pissed away.