For the first time ever, the ride-sharing company is in the green.
"Last quarter I challenged our team to meet our profitability commitments even faster than planned—and they delivered."
- Uber CEO, Dara Khosrowshahi
Here's the full story.
The stock got a much-needed bounce this morning, gapping up +16%.
This is the power of earnings winners. We spoke about it in yesterday's letter, and it's time to double down!
Stocks are having a rough time right now. There's rampant inflation, supply shortages, and new economic pressure from China … U.S. Speaker of the House Nancy Pelosi will allegedly visit Taiwan despite China's warnings.
But positive earnings are a great catalyst. And as we're seeing, stocks can still spike even during this market.
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