Uber revenue was 29% higher than a year ago. CEO Dara Kastroshahi says that Uber is going to be gap profitable by the end of the year. The company still has negative EBITDA, which is earnings before interest taxes, depreciation and amortization.
As loans get more expensive, what are the ripple effects for start-up companies in the tech industry?
(00:21) Bill Mann discusses: - Uber's 1st-quarter results and CEO Dara Khosrowshahi's declaration of profitability in 2023 - Pfizer's results beating expectations despite demand for its Covid vaccine is falling - Why he's more interested in the Federal Reserve on Wednesday than the jobs report on Friday
(10:49) Alison Southwick and Robert Brokamp continue their conversation with Bill Mann about how the "new normal" is affecting the tech industry in Silicon Valley.
Investments discussed: UBER, PFE, MRK, AAPL
Host: Chris Hill Guests: Bill Mann, Alison Southwick, Robert Brokamp Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl
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