UberEats is up — higher than Rides even. They can raise prices to turn a profit if they really need (Instacart turned its first profit). Uber operates globall

UberEats is up — higher than Rides even. They can raise prices to turn a profit if they really need (Instacart turned its first profit). Uber operates globally (and owns minority stake wherever it doesn't operate), so as the world begins to gradually re-open, Uber will capture that revenue even if the US is still fucked. Uber has $8B cash. Uber rides were "adjusted EBITDA" profitable for 2 straight quarters before this — take "adjusted EBITDA" with a grain of salt, but it's also not "nothing".