Welcome to the Tech Meme Right Home for Friday, February 7th, 2020. I'm Brian McCullough

today. Uber says it will be profitable quicker than it had expected to be. Yet another

entrance into the lists at the streaming wars, what's it like to use a 64-core

processor and of course the weekend long read suggestions. Here's what you

miss today in the world of tech.

So I was completely wrong yesterday when I said that earnings season was over. I forgot that Uber and Lyft tend to make up the caboose on the tech earnings train.

Uber is up over 9% at the time of this writing,

after reporting Q4 revenue of 4.1 billion dollars up 37% year over year.

Gross bookings came in at 18.1 billion dollars, up 28% year over year,

but the net losses still came in at 1.1 billion dollars.

The stock is up because Uber CEO Darakos Shoshahi moved up

Uber's profitability target to the fourth quarter of this year. The company had

previously expected to break into the black by the end of next year

2021. The secret here is that Uber is apparently telegraphing

accelerating revenue growth, quoting SambC.

In notes Friday morning, analysts highlighted the new EBITDA profitability target with

many putting a buy or outperform rating on the stock.

Analysts at MKM Partners who upgraded the stock. Analysts at MK partners who upgraded the

stock to a buy rating and moved their price target from $34 to $45

wrote that incremental margins on rides revenue have contributed to the accelerated profitability

target.

To date, we think Uber was being valued as if it is going out of business, either due to ongoing

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