Analysts Identify 10 Least Risky Internet Stocks To Invest In

3. Uber Technologies, Inc. (NYSE:UBER)

Uber Technologies, Inc. is an operator and developer of proprietary technology applications. The company operates in the Delivery, Freight, and Mobility segments.

The firm announced an expansion of its grocery delivery service last month through a partnership with a leading online fresh food grocer, FreshDirect. It will provide Uber customers access to prepared meals, high-quality fresh groceries, and pantry staples through the Uber Eats platform. This collaboration brings together FreshDirect’s focus on freshness and quality along with Uber’s reliable delivery network.

At the start of this month, UBER entered into an agreement with Dubai’s Road and Transport Authority to introduce autonomous vehicles in Dubai. Under this partnership, Uber will work with the city’s road transport authority on pilot programs, utilizing its technology to connect riders with AVs.

Moreover, the company plans to launch commercial robotaxi services in Atlanta under its collaboration with Waymo. As part of this partnership, the firm will handle charging, vehicle maintenance, and access management through its app. Despite concerns regarding Tesla’s entry into the Robotaxis market, Uber stands out with its solid operations.