Uber's seeing positive cash flow for the first time ever - The Verge


8/2/2022 12:00:00 AM2 years 9 months ago
by Andrew J. Hawkins

Uber reported a $2.6 billion net loss in the second quarter but also positive cash flow for the first time ever. The earnings report indicates that Uber’s laser focus on costs were paying off.

Photo by Spencer Platt/Getty Images Uber reported $382 million in free cash flow for the first time ever, an indication that the rideshare companys hardcore effort to rein in costs is starting to pa… [+3441 chars]

full article...