Uber's earning announcement today results in a jump in their share price from $26 to $37. The headlines look great, Uber beat all the key estimates this last quarter. The phone app (not like they have to bear the cost of the labor or Capex of the fleet, but hey who needs to that when you have people to bear the cost, but Uber maintains control of the money).
The real headline is a phone app company managed to loose $1.1B in Q4 and $8.5B in 2019. But then this is SiliValley, making money is not part of the equation. Uber like many of the zombies living under the notion they deserves a trophy.
PT words continue to ring true.