Uber's Trading Volume Drops 21% to $1.737 Billion Ranking 34th Amid Acquisition Talks with Ponyai

On June 27, 2025, Uber's trading volume reached $1.737 billion, marking a 21.04% decrease from the previous day, placing it 34th in the day's stock market rankings. Uber's stock price fell by 1.73%.

Uber is reportedly in closed-door discussions with its former CEO, Travis Kalanick, who is now the CEO of CloudKitchens. The talks revolve around a potential acquisition of Pony.ai, a Chinese autonomous vehicle company. Pony.ai holds permits to operate robo taxis in both the US and China, making it a strategic asset for Uber's expansion into the autonomous vehicle sector.

Kalanick, who was ousted from Uber in 2017 amid a series of scandals and boardroom conflicts, is reportedly considering a return to the company. His involvement in the acquisition of Pony.ai's US arm could significantly bolster Uber's technological capabilities and market presence in the autonomous vehicle industry.