Emerald Wealth Partners' Growth Equity Strategy exited its Uber Technologies position, as stated in its Q3 2026 investor letter. The fund said it had become increasingly concerned about the potential impact of robotaxis on Uber's business model, as well as Waymo's decision to discontinue certain cooperation agreements with Uber. On October 15, 2026, Uber closed at $71.27 per share, a market capitalization of $145.57 billion, after returning 1.09% over the past month and losing 22.78% over 52 weeks. The article notes that 151 hedge fund portfolios held Uber at the end of the second quarter, down from 153 in the previous quarter.
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