Questions Persist About About Uber’s Profits—And Its Stocks Fall Further

first quarter, causing the stock to tumble, throwing cold water on the near-term ride-hailing market.

“Investors are trying to digest what overall profitability can be. You typically don’t see companies go public generating billions of dollars in losses and to get from where we are today to a clear path to profitability is going to take some time,” Arounian said. But those betting on Uber say this is just a bump in the road and won’t have any impact on Uber’s long-term potential, especially when it comes to UberEats, UberFreight and autonomous cars.

“The near-term stock dynamics have nothing to do with Uber’s opportunity as a business in the long run to capture a pretty meaningful market,” he said. “If they keep doing what they need to do, the stock performance should follow.” Still, Uber has a host of challenges. The company’s subsidies to lower the cost of rides and drive growth are unsustainable, said Ted Ladd, dean of research and professor of entrepreneurship at the

Uber sucks. They rip off their “independent contractors.” And Travis is the lamest of silicon valley’s tragically unhip.

Fake news

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks Continue to Fall as Uncertainty Over Trade Talks PersistsGlobal stocks slid as investors closely monitored rising U.S.-China tensions, and Beijing said top trade envoys will head to Washington to resume negotiations. Surprise Surprise as long as WSJ keeps in between, not bearish nor bullish. The SEC needs to ban Mr Trump and his tweets. The man is dangerous tp your wealth.
Source: WSJ - 🏆 98. / 63 Read more »

Stocks retreat for second-straight day as U.S.-China tariff worries persistStocks lose ground on simmering trade tensions, with U.S. officials confirming that China tariffs would be raised by the end of the week.
Source: MarketWatch - 🏆 3. / 97 Read more »

Stocks making the biggest moves premarket: Disney, Teva Pharmaceuticals, Uber, Pinterest & moreThese are the stocks posting the largest moves before the bell.
Source: CNBC - 🏆 12. / 72 Read more »