POLL TIME! Is $Uber(UBER)$ undervalued given its trajectory?Yes—ride (and deliver) the wave!No—too pricey at 35x forward P/EMaybe—needs more proof (robotaxi success?)$Uber(UBER)$ just keeps on rolling!From 20% YoY growth in gross bookings to a $7B stock buyback, here’s what you need to know about this market heavyweight.1. RECENT REVENUE GROWTH• Q1 FY24: Gross bookings hit $37.7B (+20% YoY)• Revenue: $10.1B (+15% YoY), beating estimates by $40M• Uber’s firing on all cylinders—mobility & delivery both on the rise2.EARNINGS & PROFITABILITY• Operating margin up from -3% to 2%—that’s a serious pivot to profit• Adjusted EBITDA soared 82% to $1.4B• First annual profit since going public in 2019. Party t
Bill Ackman Discloses Ownership of 33.3 Million Shares in Uber
Bill Ackman, CEO of Pershing Square, has disclosed that his fund owns 33.3 million shares in Uber. This announcement has caused Uber's stock price to increase by 7.3% and rally in the market. Ackman began acquiring the shares in early January and the disclosure has had a positive impact on the company's stock. This news highlights the significant investment made by Pershing Square in Uber.
