Uber’s Milestone & Social Media’s Anti-Hate Report Card 8/01/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 1 August 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

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Summary

Uber reported a milestone in its second-quarter results: its first operating profit. CEO Dara Khosrowshahi comments on this big news, plus Uber’s first quarter of free cash flow over $1 billion and its outlook for Q3. He also discusses competing with Lyft, rising prices for passengers, and ambitions of building a “super app.” Jonathan Greenblatt, Anti-Defamation League CEO, discusses the ADL’s new report card that grades social media platforms on how well they protect users from online hate and harassment; spoiler, it’s mostly Cs and Ds, plus one F. A brightly lit “X” sign that was briefly installed atop Twitter headquarters in San Francisco has been taken down, but it was lit long enough to catch headlines. In this episode: Dara Khosrowshahi, @dkhos Jonathan Greenblatt, @JGreenblattADL Michael Santoli, @michaelsantoli Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer today on Squawk Pod.
0:09.0	Uber reporting its first ever operating profit, CEO Darakazr Shahi on this big day.
0:15.6	Everything came together this quarter of the team executed really well and we plan to be profitable
0:20.1	for every quarter going forward.
0:22.2	Uber investors are keeping the faith and there's a move to prove it.
0:26.0	The stock price is now reflecting a view from investors which we've had all along
0:31.0	which is this can be a scale platform on the internet
0:34.8	that can be very very profitable and hate speech online.
0:39.6	Anti-Defamation League CEO Jonathan Greenblatt is giving social media platforms
0:43.8	C's D's and an F for combating harassment.
0:47.3	Keep you users safe from hate.
0:50.7	Knock the Nazis off your platform. That shouldn't be so hard.
0:55.0	Plus July's remarkable market and one big bright contentious X in San Francisco goes dark.
1:04.0	The permit fees are worth the marketing that they got, the free marketing with all
1:06.9	us talking about this.
1:09.2	It's Tuesday, August 1st, 2023.
1:12.1	Squawk Pod begins right now.
1:14.6	Stand Becky by in three, two, one, queue please.
1:19.8	Good morning everybody.
1:20.9	Welcome to Squack Box here on CNBC. We are live from the
1:24.0	NASDAQ market site in Times Square. I'm Becky Quick along with Andrew Ross
	...

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