I am neutral on Uber Technologies (UBER), as the company’s powerful competitive advantages, strong growth momentum, and overwhelming backing from Wall Street analysts are offset by the steep valuation multiple and weak profitability. Uber Technologies, more commonly known as just Uber, is an American company offering mobility as a service, with operations spanning over 900 metropolitan areas around the world. Strengths Uber was founded in 2009 with the purpose of reducing the costs of direct transport. Currently, the company is operating in 69 countries around the world, with more than 101 million monthly active users.
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