Uber Profitability Comes After Food Delivery, Pandemic Investments

Uber reported its first annual profit on Feb. 7. It was a milestone for the San Francisco-based ride-hailing and food delivery company, which was once infamous for hemorrhaging cash as it sought growth at all costs. Not only is Uber now solidly in the black, but it also was recently admitted into the S&P 500, and on Feb. 14 its board authorized a plan to return as much as $7 billion to shareholders.

In other words, the former poster child for Silicon Valley disruption appears to be all grown up. Here’s a look back at the distinct eras in the company’s bumpy path to profitability.

Source link

Recommended For You

About the Author: Tony Ramos

Tony Ramos is a seasoned expert in business funding and real estate investment, with a remarkable journey spanning over 20 years. His expertise in flipping properties and implementing the buy-and-hold strategy has positioned him well in the real estate investment sector. Tony's profound understanding of financial strategies extends to teaching individuals and businesses how to become debt-free and leverage the power of LLCs for funding. For insights, mentorship, or collaboration opportunities, Tony can be reached at businessfundingnopg@gmail.com. Connect with him to unlock the potential of smart financial strategies and embark on a path to financial success and freedom.

Leave a Reply

Your email address will not be published. Required fields are marked *