Uber's Trading Volume Soars to $19.53 Billion, Ranking 26th in Market Despite Stock Decline

On June 18, 2025, Uber's trading volume reached $19.53 billion, marking a 68.47% increase from the previous day, placing it 26th in the day's stock market rankings. However, Uber's stock price fell by 1.56%, marking the second consecutive day of decline, with a total decrease of 1.97% over the past two days.

Waymo, a subsidiary of Alphabet, has applied for a permit to test its autonomous vehicles in New York City. This move has raised concerns among investors about potential future competition in one of the largest ride-hailing markets in the U.S. Waymo plans to begin collecting data and evaluating its technology in New York starting next month, regardless of the permit outcome. The company currently offers fully autonomous, paid rides in several major U.S. cities and is expanding its partnership with Uber, with plans to offer autonomous trips through Uber’s platform in Atlanta later this summer, followed by Miami and Washington next year.

However, Waymo faces significant regulatory hurdles in New York, where state law doesn’t currently allow for fully autonomous commercial ride-hailing services. The city is known for its challenging urban street environment and stringent regulations on taxi and rideshare services. Waymo is actively seeking regulatory changes in New York, particularly the ability to operate vehicles with no human behind the wheel. This potential expansion into the lucrative New York market appears to have sparked investor concerns about future competition for established ride-hailing companies like Uber and Lyft, which have historically navigated complex regulatory relationships with the city.