New York, Feb 10, 2026, 14:27 (ET) — Regular session
- Uber shares slipped roughly 0.3% in afternoon trading, holding close to $74.
- Uber and Baidu expect to launch Apollo Go driverless rides in Dubai in less than a month.
- Uber took steps to acquire Getir’s Türkiye food delivery arm for $335 million. It’s also putting in an additional $100 million investment.
Uber Technologies slipped roughly 0.3% to $73.68 on Tuesday afternoon. The move followed news that the ride-hailing giant plans to roll out Baidu’s Apollo Go driverless taxis on its app in Dubai in the near future. Shares saw a range between $73.53 and $75.05 during the session.
Why it matters now: Uber’s latest move aims to lock in its position as the go-to platform for booking autonomous rides, leaving the vehicles themselves to its partners. Uber and WeRide, just last week, announced plans to roll out no fewer than 1,200 robotaxis in Abu Dhabi, Dubai, and Riyadh—touting it as the “largest Robotaxi commercial commitment in the MENA region.” Uber Investor Relations
Dubai stands out as a test bed, with explicit targets set. Uber and Baidu, teaming up with Dubai’s Roads and Transport Authority, plan to kick off the service within a month, tying directly into Dubai’s push to make a quarter of all transportation trips autonomous by 2030. Baidu’s Nan Yang described the launch as “a pivotal step” for expanding autonomous mobility beyond China. Uber Investor Relations
The two firms announced plans to roll out fully driverless cars via the Uber app, starting in select parts of Dubai’s Jumeirah district. A broader rollout will hinge on how operations pan out and what regulators decide. Users looking for a ride can pick the “Autonomous” option directly, or end up in an Apollo Go vehicle after booking UberX or Uber Comfort, according to the companies. Baidu, for its part, has struck another robotaxi deal with Lyft to target deployments in Europe. Reuters
The autonomous headline dropped just a day after Uber announced plans to buy Türkiye’s Getir delivery business from Mubadala Investment Company, signaling a deeper dive into delivery for Uber in the region. Uber’s looking to blend parts of Getir with Trendyol GO. The company had already agreed last May to acquire 85% of Trendyol GO—price tag: $700 million.
Uber plans to shell out $335 million in cash to fully acquire Getir’s food delivery arm, according to a regulatory filing. The deal marks the opening move in a wider agreement. Uber is also putting $100 million toward a 15% slice of Getir’s grocery, retail and water delivery operation, with a path to buying the remainder over the next several years, provided performance targets are achieved. The food delivery buyout, pending regulatory signoff, is penciled in to close in the back half of 2026. Getir’s food business booked over $1 billion in gross orders for 2025, climbing more than 50% year over year on a constant-currency basis, the filing added.
Uber CEO Dara Khosrowshahi called Türkiye a long-haul bet for the company, saying it’s “committed to investing” there. Mubadala’s Waleed Al Mokarrab Al Muhairi, commenting on the deal, pointed to “the strength of the business” and how far it’s come in the last year. Uber Investor Relations
U.S. stocks saw a mixed session Tuesday. The Dow climbed, but other indexes barely budged after weaker economic numbers pressed Treasury yields down.
The shift from pilot to profit isn’t straightforward. Launches of autonomous services depend on piecemeal city approvals, with setbacks threatening to slow things down. The Getir agreement remains phased and partly contingent, so Uber may have to wait longer to realize the full upside — or even know exactly how much it’s getting.
Next up for investors: updates on when and how Dubai goes live—promised “in the coming month.” There’s also the pending Turkish regulatory approval for the Getir deal to keep an eye on. Then, there’s Uber’s CFO transition. Prashanth Mahendra-Rajah exits Feb. 16, with Balaji Krishnamurthy stepping into the role. SEC
