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This podcast discusses Uber joining the S&P 500 and its focus on profitability, Wells Fargo's strange announcement of future layoffs, Spotify's workforce cuts, and end-of-year financial planning tips.
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Quick takeaways
- Uber's inclusion in the S&P 500 reflects its focus on profitability and expanding beyond its original purpose.
- Wells Fargo's announcement of future layoffs highlights the challenges faced by banks in reducing operating costs.
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Uber joins the S&P 500
Ride-hailing company Uber will be added to the S&P 500, reflecting its growth beyond its original purpose of moving people and expanding into freight and food delivery. While critics argue that some positive numbers are due to financial engineering, Uber's increased cash flow and move towards profitability make its inclusion in the index a positive development.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode