The San Francisco-based taxi company halted its autonomous car operations in Arizona on Wednesday following a fatal accident caused by its self-driving car. This decision resulted in laying off about 300 Uber employees in Arizona. However, Uber plans to continue the self-driving cars testing in Pittsburgh and San Francisco. When commenting on the Arizona accident, CEO Dara Khosrowshahi has said that Uber will start the testing again in few months.
Despite the continuous loss-making quarters, the app-based taxi firm continues to spend heavily on expanding its business. The company plans to invest more aggressively this year on its main business and other ancillary businesses like its food delivery business unit Uber Eats.
On its way to becoming a successful public firm in the future, in spite of having a lot of speed bumps like the self-driving car failures, long list of scandals, the exit of key executives, and competition, Uber gets fueled by expanding its businesses in various countries, and its investment in flying taxies, to name a few.