Uber mobility revenue plunged by $84 percent during Covid, Harry Stebbings notes

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17.08.2026

Uber mobility revenue plunged by $84 percent during Covid, Harry Stebbings notes — Uber halted autonomous investment after loss

Harry Stebbings highlights that Uber stopped investing in autonomous vehicles after the company’s mobility business lost 84 percent of its top line in just three weeks during Covid. He adds that at that time, Uber was burning billions annually and did not have a core business generating cash flow.

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Stebbings has previously reported on major M&A and fundraising news, including Airtable's $1.285 billion sale and Moonshot AI's $3.5 billion capital raise. He has also highlighted the financial growth of key AI firms, noting OpenRouter’s rapid revenue growth and expansion to processing 25 trillion tokens weekly. These posts reflect his coverage of significant moves in both the technology and financial sectors.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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