Global platform providing ride-hailing, food delivery, and freight logistics services.Yahoo Finance ↗uber.com ↗
3 takes · first discussed Oct 18, 2024 · last Jun 28, 2025
Commentary only — they've discussed this name but haven't made a call on it, so we don't attribute any call return to it. The stock's price chart and the takes are below.
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Chamath argues that Uber acquiring Expedia for ~$30B would be a disastrously bad use of capital, as AI agents will commoditize travel UI layers and Uber would be better served by acquiring real defensible assets like Waymo.
Jason views Uber as the anti-tariff stock that is unaffected by the trade war and benefits from the current macro environment, citing a specific price target of $88 as a bullish milestone.
Friedberg notes Uber hitting a new record high as a positive personal milestone, implying continued appreciation in the stock.
The hosts hold a broadly positive-to-neutral view on Uber's stock, though their reasoning differs. Jason (medium conviction, May 2025) was bullish on Uber as an "anti-tariff" beneficiary insulated from trade-war macro headwinds, citing $88 as a key price target, and Friedberg (low conviction, June 2025) validated that thesis when Uber surpassed $88 to hit a new record high. Chamath's commentary, however, was not about Uber's stock direction but rather a sharp critique of a rumored Expedia acquisition, arguing it would be a poor use of capital in an AI-driven world where travel UI layers will be commoditized, and that Uber would be far better served acquiring a defensible asset like Waymo instead. There is no direct disagreement among hosts on Uber's near-term stock performance, but Chamath's strategic concerns about capital allocation introduce a cautionary note absent from Jason's and Friedberg's more market-focused takes.
Chamath argues that Uber acquiring Expedia for ~$30B would be a disastrously bad use of capital, as AI agents will commoditize travel UI layers and Uber would be better served by acquiring real defensible assets like Waymo.
Why don't they just buy Waymo? Why don't they just go to Google and give them $30 billion of Uber stock and just carve in Waymo. Isn't that a better idea?”31:49
Jason views Uber as the anti-tariff stock that is unaffected by the trade war and benefits from the current macro environment, citing a specific price target of $88 as a bullish milestone.
All that matters to me is that Uber is the anti-tariff stock. It just does great. It's not impacted by tariffs.”3:02