Uber shares jumped more than 13% after the better than expected results. The numbers suggest a path for Uber to become profitable, despite inflationary pressures and lingering driver shortages in some cities, said Dan Ives, analyst at Wedbush Securities. “In a nutshell, despite rising ride share prices throughout the US/Europe clearly consumers are still moving to the Uber platform especially as travel, shifting to the office, and other post pandemic trends take hold globally with Uber poised to benefit into 2023,” he said.
- Next Senate Democrats Defy Biden’s Low Standing
- Previous An All-Digital Future Is Bad News for Console Gamers, Here’s Why
- Mark Kelly Has Solid Lead In Arizona
- MLB Live: Blue Jays vs. Yankees on Sportsnet
- Wendy’s worker charged with murder after fatally punching customer, 67
- Medieval friars twice as likely to be riddled with intestinal parasites as townspeople
- Quantum Tech Partners: Gaming M&A isn’t taking a summer break
No comments to show.