nyseuber
Losses decreased, as earnings per share came in at a loss of 62 cents, versus 1.22 cents a year earlier.Revenue beat estimates coming in at $8.35 billion, compared to analyst estimates of $8.14 billion.Uber continues to do well across various geographiesUber (NYSE:UBER), continued to struggle with operational costs despite revenue surging by 72% on the back of strong demand for the rail-hailing company. The stock rallied 15% into the market open on the back of the news. Uber’s main ride-hailing business has strong growth stemming from rising prices. Q3 2022 hedge fund letters, conferences and ...
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Despite being a very controversial choice, we believe Uber stock is still a great investment and have bought more on its way down. Here’s why. Uber Technologies Inc (NYSE:UBER) is the second most controversial stock we’ve ever owned (first place goes to Softbank). Most people have used Uber’s service, and thus everyone has an opinion and the media loves writing articles about Uber. The company has a history of not making any money. I’ve written a long research piece on why Uber, despite (or maybe because of) being a controversial company, has the makings of being a terrific long-term investmen...
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“These losses are primarily due to Uber’s aggressive pricing strategy to gain market share,” alludes MoneyTransfers CEO, Jonathan Merry. He further suggests, “That strategy led it to give away rides at much lower prices than its competitors while it incurred huge costs on marketing. Moreover, the company also spent heavily on driver subsidies, increasing its market share and net revenue from fares declined.” Q1 2022 hedge fund letters, conferences and more Is Uber Turning The Corner?Despite the loss-making trend, 2021 provides a gleaner of hope for the firm’s turnaround. According to Uber’s fi...
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If you thought ride-hailing app Uber (NYSE:UBER) was going to deliver the stock market from the horrendous start to the years it’s had, think again. The likes of Apple (NASDAQ:AAPL) and Microsoft (NASDAQ:MSFT), who both reported solid numbers last week, were unable to stem the flow of selling, and the company at the forefront of travel tech isn’t about to either. Not for now at least. If anything, Uber risks becoming the latest victim of 2022, which has seen growth and tech stocks suffer their worst start to the year in decades. A cacophony of soaring inflation, slowing growth, and rising inte...
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In a sensational tweet shot off today, local investor, Codie Sanchez, claims that her one single laundromat makes more money than the multi-billion Uber Corporation. Q2 2021 hedge fund letters, conferences and more Disclaimer: This is a satirical article. Uber: Valued at $85 billion, loses $500 million per year My Laundromat: Bought for $100k, nets $67k per year — Codie Sanchez 💥 (@Codie_Sanchez) July 21, 2021 Ackman To Take Laundromat Public Through PSTHAfter fact checking Codie’s statement (we are very “credible” and full of “integrity”) we can fully state that Codie is 100% correct in her a...
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Whitney Tilson’s email to investors discussing if you are a Superforecaster; the big lessons of the last year; job training that’s free until you’re hired; a vast web of vengeance. Q1 2021 hedge fund letters, conferences and more Are You A Superforecaster?1) One of my all-time favorite investing books is Philip Tetlock's Superforecasting: The Art and Science of Prediction. Even though it's not technically about investing, the book's findings on why some people are able to better predict the future than others relate directly to investment success. So I read with great interest this e-mail I re...
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