Uber-Waymo Split: Labor Battle Over Autonomous Vehicles in D.C.

Uber is siding with unions against full AV deployment in D.C. and New Jersey, with a D.C. bill threatening 35,000 gig drivers. This strategic pivot highlights tension between innovation and job displacement, potentially reshaping rideshare earnings and regulation. Uber Q2 revenue $14.2B (+12% Y/Y) but missed by $70M due to UK accounting shift. Gross bookings record $58B, trips up 18% to 3.9B. AV live in 7 cities, targeting 15 by year-end. Valuation at ~10x 2027 EBITDA reflects AV anxiety. Developing story as legislative battle unfolds.