I honestly dont get it, how is Uber not bankrupt yet? Is uber a safe bet to invest in?
I use Uber and UberEats everyday
Why?
Lyft is generally cheaper and doordash has better service, i dont find any incentive to use uber at all!
Heard folks talking uber is going to hit $100 soon in this bull market
That would make uber a 200B company. It does not make sense they have a P/E ratio of -22… freaking NEGATIVE
Hasnt happened in years since their IPO, wont happen anytime in their lifetime
because Uber works in more countries than lyft bro 🙄
Yes it does, but in each of those countries there is a competetor that dominates the local market, uber is a minority outside US. Anyway being multinational does not mean that uber is a safe company to invest in.
Palau?
Lyft going out of business is the only path to profitability for Uber. Uber and Lyft are just waiting to see who breaks first so that one of them can become a monopoly and jack up prices
Dont you think that even if Lyft taps out there will not be another major ride service? Duopoly actually is more beneficial than monopoly. I think lyft failure will give rise to another rideshare giant if that ever happens.
Uber is cash flow positive and will be GAAP profitable this year regardless of what happens to Lyft
Uber is about to reach their ipo value! Time to invest :)
Stock market(price) has nothing to do how company is doing. You should have learnt by now.
They are more diversified, and have better presence internationally!
OP- Please spend few mins reading Uber's earning report before trying to sound smart Uber is near its inflection point of GAAP profitable and economies of scale will further drive profitability and stock price!
Friend told uber stock hitting $100 in 2023
Yeah lol sure uber will be first $5 trillion company. WTF its probably the most useless product with no moat any other company can do it and have done it across the world! What makes uber special? Freaking nothing! I think 80% uber devs should be laid off its a simple app for app ride share keep only 20% for maintenance. Why do you need so many devs? What are they building? New features? Like redesigning the app? Lol such a waste of brilliant tech folks!
Is this a real question?
Is yours?
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Have you tried reading their latest financial report?
No, but what are you refering to in there?
Lol