How Profitable Can Uber Become?

November 17, 2023

With ~130 million people on the Uber platform, Bill Baruch breaks down the company’s platform model and what it means for future profitability.

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Bill Baruch thinks that Uber obviously is going to keep rallying, which it is again today. Because you bought more. Yeah. Tell us why.

Yeah, I mean, last week we bought more. I like I like the name and I think thinking outside the box, what else are they going to bring to the table? Over the years they get 130 million users and so they’re building a network and they’re expanding out to freight that final mile. But let’s really point the direction out.

They are a profitable company now, and I think they’ll continue to earn profits, gain profits, and they’re a platform company similar to, if you look at it like a Netflix could it be ever was and really driving things. I love the name mover and I think they’ll continue to be big growing at market share.

I mean Josh you do to Goldman by the way just got a to Uber also. Okay. All right. Good stuff. Good to know. Thank you for that. Goldman says, by the way, Amazon, Medha, Uber and Alphabet are the top picks not only into year end, but Josh into 2020. Also personally.

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