I have the impression that UBER $UBER (+0,49 %) is currently well positioned fundamentally and that several factors speak in favor of a rising share price. I have therefore increased my position to 125 shares 😎💪🏽
In the last quarter, UBER recorded growth in bookings of around 18% compared to the previous year, and the number of trips also increased significantly. Demand in the core markets remains stable, which shows that Uber's business model continues to work well.
Profitability is also developing positively. The operating result was recently around 1.5 billion US dollars, with adjusted EBITDA at around 2.1 billion, which corresponds to an increase of around 35 percent.
In addition, a new share buyback program worth 20 billion US dollars was announced, which tends to support the share price.
UBER continues to invest in new business areas, for example through the purchase of 85 percent of the Turkish delivery platform Trendyol Go, and is driving forward the development of autonomous driving technologies.
As a fan of Lucid Motors $LCID (-0,07 %) I am also involved in this company. UBER has entered into a strategic partnership and made a USD 300 million investment. The robotaxi from $Tesla (+0,14 %) will have to dress warmly 🥶
I won't write anything about the risks 🤑🤞🏼
By the way, I've never driven UBER 😅
