Uber is now a profitable, cash-generating machine

If you look at the market’s reaction to Uber’s quarterly results out this morning, you might think the company performed poorly. The stock is down about 6%, most likely because the company missed the market’s expectations for quarterly revenue by about $100 million.
However, despite the expectations gap, it was a good quarter for the ride-hailing company, which finally posted a GAAP operating profit in addition to other profitability benchmarks that indicate all the years of investing in its business are paying off.
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