Uber is the market leader in the fast-growing “ride sharing” economy. A sector that we believe will continue to grow strongly, even when the economy slows down. In the event of an economic slowdown or recession, people will only look more for cheaper alternatives, such as Uber. A restart of the aviation sector will give a significant boost to Uber's business model. Uber Eats was the child of concern that needed to be addressed quickly towards profitability. The disposal of less competitive parts and the merger with Postmates is a good thing in this regard. Via Uber and Uber Eats, synergies can also arise that will lift both platforms to a higher level in the direction of "home delivery". For example, drivers can distribute passengers, goods and food or drivers who are not suitable for transporting passengers can deliver food or packages.
In the coming quarters, Uber will have to prove that it is taking the right steps, operationally and financially. If Uber succeeds in this, the current valuation is a piece of cake. Numerous prominent investors already believe that the company is on the right track.
In the coming quarters, Uber will have to prove that it is taking the right steps, operationally and financially. If Uber succeeds in this, the current valuation is a piece of cake. Numerous prominent investors already believe that the company is on the right track.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.