Uber Technologies (UBER) Is Generating Cash, but Can Robotaxi Spending Preserve Its Valuation?

Uber Technologies, Inc. (NYSE:UBER) is approaching a difficult valuation test: its established ride-hailing network is producing more cash, while autonomous vehicles threaten to change who controls transportation demand. On September 2, the Financial Times reported plans to eliminate 3,300 corporate jobs, or about 10% of the global workforce, as the company redirects resources toward robotaxis. […]