Uber faces competition from Waymo in self-driving cars

Uber is facing challenges from Waymo, which is advancing in the self-driving car sector. This competition could impact Uber's market position as it seeks to maintain profitability. Despite recent volatility, some investors view Uber positively due to its achievement of GAAP profitability. This marks a significant change from its previous financial struggles. The landscape for growth investing has shifted, prompting analysts to reassess companies like Uber. Investors are now focusing on firms with strong fundamentals and growth potential.