The "New Normal" in Silicon Valley

Motley Fool Hidden Gems Investing

The Motley Fool

Investing, Business

4.3 • 3.1K Ratings

🗓️ 2 May 2023

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

As loans get more expensive, what are the ripple effects for start-up companies in the tech industry? (00:21) Bill Mann discusses: - Uber's 1st-quarter results and CEO Dara Khosrowshahi's declaration of profitability in 2023 - Pfizer's results beating expectations despite demand for its Covid vaccine is falling - Why he's more interested in the Federal Reserve on Wednesday than the jobs report on Friday (10:49) Alison Southwick and Robert Brokamp continue their conversation with Bill Mann about how the "new normal" is affecting the tech industry in Silicon Valley. Investments discussed: UBER, PFE, MRK, AAPL Host: Chris Hill Guests: Bill Mann, Alison Southwick, Robert Brokamp Producer: Ricky Mulvey Engineers: Dan Boyd, Rick Engdahl Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	The Uber Shares are revving up and we're taking a closer look at Silicon Valley.
0:09.8	Motley Full Money starts now.
0:11.6	I'm Chris Hale, joining me in studio today at Motley Full Senior Analyst Bill Mann.
0:24.6	Thanks for being here.
0:25.6	Hey Chris, how are you?
0:27.0	I'm doing alright.
0:28.0	Let's talk a little Uber, shall we?
0:29.8	First quarter revenue, 29% higher than a year ago.
0:33.9	CEO, Darah Kustra Shahi says that Uber is going to be gap profitable by the end of the
0:39.0	year.
0:40.2	And I think investors believe him because that plus the results has shares of Uber up
0:45.5	8%.
0:46.7	He has set financial targets for this business in the past and they have met them either
0:54.0	on time or early.
0:56.4	It's going to be pretty interesting to see if they deliver on this one.
0:59.2	Yeah, they have obviously this was a better quarter for them than they had last year.
1:05.6	It is still a company that has negative EBITDA and I know that acronyms are really great
1:11.4	radio.
1:12.4	That is earnings before interest taxes, depreciation and everdisation.
1:17.6	Still negative.
1:19.0	And so this is a company that is showing some promise as a platform to deliver people
1:27.7	and goods and services.
	...

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