“with trips up 22% and a GAAP operating profit, for the first time in Uber’s history”[0] And I believe that was YoY profit, so profitable the year before that

“with trips up 22% and a GAAP operating profit, for the first time in Uber’s history”[0] And I believe that was YoY profit, so profitable the year before that date and profitable the past year since. Investing in Uber Eats expansion was hampering profitability but not the rides. Before rides was profitable they were a $50b company, so if you correctly believed they would improve probability, you would’ve 3x your investment from 2 years ago. Same thing happened for those critical Facebook, Google, or Amazon could ever be profitable. [0] https://investor.uber.com/news-events/news/press-release-details/2023/Uber-Announces-Results-for-Second-Quarter-2023/default.aspx https://investor.uber.com/news-events/news/press-release-det...