Joseph Uber have seen a relatively big reversal this from what had been an initial

jump higher after the company did post its first ever gap operating profit that renewed hopes that it will gain inclusion in the

S&P 500. Dear D. D. D. D.

All the ups and downs for us and joins us now at Tech Check D.

All the ups and downs and speaking of Uber's finances they've always been complicated even when it was a startup run by Travis Kalanek and that remains the case this quarter

Maybe why we are seeing that big reversal. The headline, yes, its first ever

gap operating profit, but dig a little deeper and you might start to ask how

sustainable is it really? Gap net income was $394 million. Nearly all of that though was due to a

pre-tax benefit related to unrealized gains on Uber's equity investments.

So that means essentially that Uber's results are partly in the hands of other companies

and how their businesses are doing.

Uber's biggest stakes are in Aurora, a self-driving tech company, and Lyme and Electric

Scooter startup that isn't yet public. It also has stakes in

ride sharing companies DD and Grab and Jovey and Evitol or an electric aircraft

company and many of which have rebounded this year along with the broader

tech come back. The bottom line is that these are

marked to market every quarter so if the market changes it may not actually matter

how resilient Uber is these other names could swing net income and potentially drag down

profitability and that could complicate Uber's path into S&P 500 inclusion which a lot of

the Bulls are looking at right now. To be included, Uber will have to show positive gap

earnings on a trailing 12-month basis and in its most recent quarter.

Uber does, however, meet other criteria for one, its size that recently hit

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