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Why Stocks Corrected + Second Quarter Tech Earnings — ft. Mark Mahaney

Prof G Markets

NOTE

From Losses to Profit: The Uber Turning Point

Despite facing unprecedented losses and disruptions, notably during COVID-19, Uber managed to achieve scale that led to profitability. The evaluation of its performance revealed a significant turnaround, ultimately resulting in positive free cash flow. This trajectory has positioned Uber as a strong candidate for inclusion among mega cap companies, suggesting future growth potential that rivals industry giants like Amazon and Google.

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