Business:Investing
After a decade, billions of dollars and almost five years on the public markets, Uber has at last turned a profit. In the previous quarter, it made $326 million dollars. Today on the show, we ask: What took it so long? And why is it so hard to make money matching riders with drivers? Also, we go long the 10-year US Treasury, and short cultural criticism.
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Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on Twitter. You can email Ethan at ethan.wu@ft.com.
Read a transcript of this episode on FT.com
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