Uber's network effects could make it the app robotaxi fleets need to keep their cars fully operational. It is one of the best platforms on earth and a five-year buy at today's valuation, with opportunity too compelling to pass up despite shares falling about 25% in the past year on robotaxi fears. Bookings grew 24% last quarter and trailing free cash flow exceeded $10 billion. Waymo and Tesla could choose to bypass Uber; Waymo already runs its own app in most of its cities. x.com 

Uber trades at its lowest valuation since its IPO on fears that autonomous vehicles will make it obsolete, yet it is firing on all cylinders and positioning as the AV distribution layer. It already has 14 AV partners including Waymo, and city-by-city regulation favors its global network. Its driver-rider flywheel gives it 75% US share against Lyft. Uber One's 30 million members spend twice as much and drive 40% of bookings, and free cash flow has gone from negative to strongly positive. x.com 

Uber looks rather negative because driver reclassification, consumer cutbacks and easy switching threaten its business. Making drivers employees could raise costs and push ride prices up around 40%. Food delivery and comfort rides are cut when budgets tighten; riders switch to Lyft or Bolt for a few euros. Tesla or Waymo could bypass Uber with their own apps, and Google can scale quickly. Despite being a great company, Uber has too many unknowns; it is preferable to stay on the sidelines. x.com 

Autonomy could expand the ride market tenfold, giving Uber a long growth runway if it does. That is the true 10x opportunity, like ridesharing's expansion of the taxi market. Uber will be a $1 trillion company by 2035. Improved autonomous-vehicle margins are possible but uncertain. x.com  x.com  x.com 

Uber's network could become more important in an autonomous world, not less, which the market underestimates. Robotaxi fleets will still need someone to aggregate demand, optimize utilization, route supply, handle payments and bring liquidity to both sides, and Uber already has those layers plus relationships in almost every major city as autonomy rolls out market by market. The chart is ending a two-year $50-80 consolidation above its prior breakout zone. x.com 

Uber cannot be owned until its robotaxi strategy and economics are clearer, including whether it stays asset-light or pivots to asset-heavy. Calling it 10 times 2027 free cash flow may be unfair if an asset-heavy pivot sends that cash into capex. Google puts global ridesharing at $150-180 billion in gross bookings a year, reaching $200 billion by decade's end, likely not big enough for Waymo, Tesla and Uber to all win while each spends tens of billions on fleets. x.com  x.com  x.com 

Uber looks cheap, and insiders who know the company best are buying, a point @SteurJonas69716 raises. The stock is a solid buy as long as robotaxis do not kill the business, which is doubtful. x.com  x.com 

Uber is one of the most interesting opportunities in the market, down 31% from its highs while printing more cash. The market treats it as a low-margin business that autonomous driving could disrupt, missing its real moat: distribution. A network of consumers, drivers and merchants is very hard to replicate and lets it add verticals without paying acquisition costs again. Uber also owns about 13% of Grab, down 85% and building financial services on the same model. x.com 

Uber has big long-term secular problems, enough to make even CEO Dara Khosrowshahi's $10M token insider buy a moment to consider shorting, though actually shorting is not recommended. Beyond the Waymo and robotaxi threat, an AI agent that constantly checks every app for the best price would hurt Uber, consistently the highest-priced ride service. Uber would need to lower prices, and it lacks the tech stack. x.com  x.com 

Uber and Lyft should gain from autonomy, because self-driving developers cannot afford to own the cars, leaving financed local fleets competing for demand the platforms hold. Replacing 10% of US driving takes 2-3 million robotaxis worth $150-300 billion. Robotaxi miles at $0.40-0.60 would undercut car ownership, growing ride-hail roughly 10x. Yet Uber trades near 14x trailing free cash flow and Lyft at single digits. Risks include first-party AV apps, maps or AI agents and safety shocks. x.com