Re:Uber Joins the S&P 500
by JumpCrisscross on Friday December 01, 2023 @08:59PM
(#38495104)
> firms that make profits on paper without the cash flow to back it
Uber is cash-flow positive [1].
Due to stock-based compensation, many profitable tech firms hit this metric before GAAP. Put another way, if you owned the entire business, you could sustainably extract those profits.
Uber is cash-flow positive [1].
Due to stock-based compensation, many profitable tech firms hit this metric before GAAP. Put another way, if you owned the entire business, you could sustainably extract those profits.
[1] https://s23.q4cdn.com/407969754/files/doc_earnings/2023/q3/e...