New York, February 11, 2026, 18:58 EST — After-hours
- Uber dropped roughly 3.4% to $71.01 in late after-hours moves, following a choppy session.
- Uber and Baidu announced that within the next month, Apollo Go’s autonomous ride-hailing service will be available on Uber’s app for users in Dubai.
- Lyft shares tumbled on disappointing ride metrics, turning up the heat on other ride-hailing stocks.
Uber Technologies dropped roughly 3.4% to $71.01 in late after-hours action on Wednesday. Shares kicked off the session at $73.60, swung from $70.66 to $74.09, with some 28 million shares traded.
Uber’s juggling act is under scrutiny. The company needs to show it can maintain ride demand while also getting growth out of delivery and autonomous vehicles—without letting expenses spiral. Lately, traders haven’t given that narrative much leeway.
Uber and Baidu are teaming up to roll out Apollo Go’s autonomous ride-hailing on the Uber app in Dubai, with the companies eyeing a launch sometime next month. “We’re excited to partner with Baidu as we continue to grow our autonomous footprint across Dubai,” said Sarfraz Maredia, Uber’s global head of autonomous. 1
Uber says that in parts of Jumeirah, riders booking UberX or Uber Comfort could get paired with an Apollo Go car, or just tap the app’s “Autonomous” option. Reuters flagged this rollout as the firms’ latest push to get robotaxis into new markets beyond the U.S. and China. Expansion will hinge on how things perform and, crucially, on regulatory signoff. 2
The mood in the sector shifted after Lyft shares tumbled roughly 13% on Wednesday, as softer ride growth and a disappointing profit forecast reignited debate over whether promotions are artificially inflating demand. That’s according to Reuters. 3
Uber disclosed in a separate filing that it plans to shell out $335 million in cash to buy Getir’s food delivery operations in Türkiye. Alongside that, the company will put $100 million into a 15% stake in Getir’s grocery, retail, and water delivery arm. The food delivery acquisition is slated to wrap up in the latter half of 2026. “We’re committed to investing in Türkiye for the long term,” said CEO Dara Khosrowshashi. 4
But these deals aren’t free from complications. Delays with integration, regulatory sign-offs, or slower autonomous rollout can trip things up. The market hasn’t hesitated to hit the stocks when it sees spending outpacing bookings.
Thursday’s session, February 12, puts Uber under the microscope to see if it can steady after Lyft recalibrated expectations for ride-hailing. Traders also have their eye on possible news about the Dubai pilot’s timeline, plus any fresh detail around regulatory progress for the Türkiye deal—though that’s a longer horizon.
