Tuesday, August 2, 2022

Uber Posts First Positive Quarterly Cash Flow Ever

And we haven't even gotten to the autonomous electric flying taxis yet.

From CityAM:

Uber appeared to defy inflationary woes as the ride-hailing posted a positive quarterly cash flow for the first time.

Reporting its second quarter results, the US firm smashed analyst expectations of $263.2m with generated free cash flow of $382m.

“Last quarter I challenged our team to meet our profitability commitments even faster than planned—and they delivered,” said Uber CEO Dara Khosrowshahi in a statement....

....MUCH MORE