Yahoo Finance tech reporter Allie Garfinkle details how tech sector investing from venture capitalist firms is falling amid hiring freezes and lay offs occurring in the tech space.
There are many attributes of great companies, but one thing they all have in common is some sort of competitive advantage. The ability to recognize when a company has an edge over its competition is integral to successful investing, which is why it's incredibly important to understand two of the greatest competitive advantages in business: network effects and counter-positioning. Network effects is a phenomenon where a network exponentially increases in value with every user that joins.
"The development of vehicles related to automated driving was one of the main objectives of Toyota's investment," Toyota spokesperson Shiori Hashimoto said in a statement, adding that the company still aims to maintain their alliance. The world's largest car maker by volume held 5.13 million shares of Uber as of March 31, down from the 10.25 million shares it owned a year earlier, Toyota revealed in a regulatory filing on Thursday. The Japanese automaker valued its current stake in Uber at 22.4 billion yen ($165.51 million).