Uber betting big on robotaxis as a means to solve its driver shortage

Defiance ETFs CIO Sylvia Jablonski joins The 8:30 team to discuss Uber's (UBER) investments in driverless vehicles and the hurdles it faces in utilizing robotaxis to solve the company's extended driver shortage. Video Transcript 00:00 Speaker A let's talk about big in my world is Uber, uh, right? So, uh a little profit below Wall Street forecasts here, uh, you know, talking about driver shortages, higher fuel costs, the Middle East conflict weighing on results. So, Uber's forecasting a fourth quarter just a profit of 95 to 99 cents. It's below estimates of about 105 a share. Uh, said that Middle East was a 75 basis point drag on mobility bookings and 100 basis point potentially for Q4.