13.02.2020 17:07:00

Are the Reasons You Hated Uber Stock in 2019 Still Valid in 2020?

One of last year's biggest broken IPOs was Uber (NYSE: UBER), which shed a little more than a third of its value in 2019 after hitting the market at $45 in its springtime IPO. It's been driving in the right direction this year, up 39% through Wednesday's close. Accelerating top-line growth since going public, smart promotional activity, and a blowout fourth quarter as it steers toward what is now inevitable profitability are turning Uber stock from last year's dog to this year's best in show. Let's take a closer look at what the bears got wrong about Uber.Image source: Uber Technologies.Continue reading
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