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The Hustle Daily Show
Can social media actually drive social good?
Aug 2, 2023
Discussing the possibility of social media driving social good, the hosts cover a new social media app, Roar Social, which replaces 'likes' with donations. They also touch on Uber's profitable quarter and the rebranding of Bed Bath & Beyond.
13:07
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Quick takeaways
- Uber reported its first-ever operating profit in Q2 and achieved $1 billion in free cash flow, but fell short of analyst expectations for revenue growth, posing a challenge for the company to balance profitability and growth.
- Roar Social, a new social media platform, aims to redefine social media by incorporating video content and encouraging donations to designated causes through a cartoon piggy bank, potentially revolutionizing the way social media drives social good.
Deep dives
Uber Reports First Operating Profit in Q2
Uber, the well-known ride-hailing company, reported its first-ever operating profit in Q2. The company also achieved a quarter with $1 billion in free cash flow. Despite this positive news, Uber's stock was down 5% as it fell short of analyst expectations for revenue growth during the same period. The challenge for Uber lies in balancing the demands from investors for both profitability and a significant growth trajectory. It remains to be seen if Uber can consistently achieve profitability and sustain its position in the market.
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