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Uber turns cash flow positive for the first time in bumper quarter

4 pointsby iamricksalmost 3 years ago

1 comment

OrangeMonkeyalmost 3 years ago
There needs to be a standard way for companies to report their finances that does not allow this brazen trickery. Uber lost 2.6 billion this quarter (1.33 per share).<p>The company &quot;New Constructs&quot; does have some mechanism to create a standard &quot;corrected&quot; earnings report that reads past these financial tricks. Its supposedly based on an AI model - been happy with their reports so far - but they are a private company. It would be nice if there was a true standard that did the same that companies had to report in.
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