$3.73 billion, in line with expectations$615 million versus an expected $713 million
The updated timeline is important as profitability has been a main concern for Uber investors. The company was unprofitable and didn't have a clear timeline for achieving the goal when it went public in May 2019. In the first months of Uber's life as a public company, its massive losses also weighed on the share price.
In addition, Uber's rides business is showing improvement in higher revenue per ride, Ives said. He raised his price target to $52 from $50 and maintained his "outperform" rating on the company.
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That news, was it before or after they were expelled from Colombia?
Has anyone ever said 'this year is gonna be really shitty'....