Benzinga and Yahoo Finance LLC may earn commission or revenue on some items through the links below.
Investor Gary Black of The Future Fund LLC has backed ride-hailing giant Uber Technologies Inc. as his pick to lead the autonomous ride-hailing market ahead of the likes of Alphabet Inc.’s Waymo and Elon Musk’s Tesla Inc..
Gary Black Says Uber Is Not Like Blockbuster
In a post on X, Black responded to user @PME2717 who said that being bullish on Uber was not a smart move as the company was like the video rental company Blockbuster Inc. in a world of streaming platforms like Netflix Inc..
Don’t Miss:
“When I think of who has the best chances of offering fully autonomous ride hailing to the masses,” Black said, “it’s clearly Uber,” the investor said. He added that his bullish stance on Uber stemmed from the company’s “open source supplier model.” He added that Blockbuster did not adapt to the advent of streaming.
When I think of who has the best chances of offering fully autonomous ride hailing to the masses, it’s clearly $UBER given their open source supplier model. Blockbuster never adopted to streaming.
— Gary Black (@garyblack00) August 5, 2026
Uber’s Earnings
Uber held its second-quarter 2026 earnings call on Wednesday, reporting revenue of $14.19 billion for the quarter, which was up 12% YoY. However, the revenue figure was still slightly below analyst estimates of $14.24 billion. Uber matched the analyst consensus of EPS earnings of 81 cents per share.
See Also: Avoid the #1 Investing Mistake: How Your ‘Safe’ Holdings Could Be Costing You Big Time
Uber’s GAAP income from operations increased 30% to $1.89 billion amid Uber’s recent acquisition of German food delivery platform Delivery Hero SE in a deal worth more than $14 billion.
CEO Dara Khosrowshahi touted Uber’s 15-minute drone delivery as a “magical experience” during the company’s earnings call. Khosrowshahi also said that Uber was on track to begin autonomous ride-hailing operations in 15 cities by the end of the year.
For Rivian Automotive Inc. Robotaxis, “we expect to be in perhaps San Francisco and Miami in 2028,” Khosrowshahi said, adding that Nvidia Corp. backed Robotaxis would debut in Los Angeles and San Francisco next year and “28 different cities globally by 2028.”
Photo courtesy: Alex Photo Stock / Shutterstock.com
Read Next:
Story Continues
Building Wealth Across More Than Just the Market
Building a resilient portfolio means thinking beyond a single asset or market trend. Economic cycles shift, sectors rise and fall, and no one investment performs well in every environment. That’s why many investors look to diversify with platforms that provide access to real estate, fixed-income opportunities, precious metals, and even self-directed retirement accounts. By spreading exposure across multiple asset classes, it becomes easier to manage risk, capture steady returns, and create long-term wealth that isn’t tied to the fortunes of just one company or industry.
Arrived
Backed by Jeff Bezos, Arrived Homes makes real estate investing accessible with a low barrier to entry. Investors can buy fractional shares of single-family rentals and vacation homes starting with as little as $100. This allows everyday investors to diversify into real estate, collect rental income, and build long-term wealth without needing to manage properties directly.
Realberry
Institutional-quality real estate has traditionally been difficult for individual investors to access. Realberry gives accredited investors direct access to private real estate opportunities backed by a team with 35 years of experience, $3.4 billion in assets under management, and $481 million in cumulative distributions paid to investors as of Q4 2025, according to the company. With a portfolio spanning 13 million square feet across seven U.S. states, Realberry focuses on acquiring, developing, and managing real estate with an emphasis on long-term value creation while its principals often invest alongside clients to help align interests.
FarmTogether
Farmland has historically held its value through market volatility and delivered returns uncorrelated to stocks and bonds. For accredited investors, FarmTogether offers direct access to high-quality U.S. farmland starting at $15,000 — fully managed, with no landlord headaches.
Immersed
Immersed is building technology for the future of work through spatial computing. Known for its AR/VR productivity platform that enables users to work across multiple virtual screens, the company has grown to more than 1.5 million users worldwide. Immersed is also developing Visor, a lightweight headset designed specifically for professional productivity, positioning the company at the intersection of remote work, extended reality (XR), and next-generation computing.
Fundrise
Private real estate and private credit can add income and stability to a stock-heavy portfolio. Fundrise offers access to diversified private real estate and credit strategies through an easy-to-use platform, with professionally managed portfolios designed to generate passive income and long-term growth.
Mode Mobile
Mode Mobile is changing the way people interact with their phones by letting users earn money from the same apps and activities they already use every day. Instead of platforms keeping all the advertising revenue, Mode Mobile shares a portion back with users who engage with content, play games, and scroll on their devices. Named one of Deloitte’s fastest-growing software companies in North America, the company has built a large beta user base and is scaling a model that turns everyday smartphone usage into a potential income stream.
EquityMultiple
For accredited investors looking beyond stocks and bonds, EquityMultiple provides access to vetted commercial real estate deals starting at $5,000, with only ~5% of opportunities passing their due diligence process.
© 2026 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.