Wed. 05/04 – Uber Back To Pre-Covid Levels

Tech Brew Ride Home

Amalgamated Internets, LLC

Tech News, News, Technology

4.7 • 1K Ratings

🗓️ 4 May 2022

⏱️ 20 minutes

🔗️ Recording | iTunes | RSS

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Summary

Uber is seeing rider usage return to pre-Covid levels. New, better flash storage. Twitter tests the ability to only tweet to certain circles. An interesting laptop and an interesting raise. And Spotify wants you to hang out, in Roblox. Sponsors: AthleticGreens.com/ride Links: Uber reports surging revenue as drivers return, but posts massive loss on investments (CNBC) NFT Sales Are Flatlining (WSJ) Samsung's UFS 4.0 flash storage is a major upgrade, especially for 5G phones (Android Authority) Twitter Testing New 'Twitter Circle' Feature for Sharing Tweets With a Smaller Number of People (MacRumors) Meta has built a massive new language AI—and it’s giving it away for free (MIT Technology Review) Razer’s Blade 15 is the first laptop with a 240Hz OLED display, but you’ll have to wait a while (The Verge) Larry Ellison leads $21.5 million Series A in cancer treatment startup Imagene AI (CTech) Spotify becomes first music streamer to launch on Roblox (TechCrunch) Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Welcome to the Tech Mem Ride Home for Wednesday, May 4th, 2022. I'm Brian McCullough today.
0:09.0	Uber is seeing writer usage return to pre-CovVID levels. New better flash storage, Twitter
0:15.1	testing the ability to only tweet to certain circles, an interesting
0:19.5	laptop and an interesting raise, and Spotify wants you to hang out in Roblocks.
0:24.6	Here's what you miss today in the world of tech.
0:27.0	We don't always cover Uber earnings. I mean we have done but not as regularly as say
0:38.6	Apple or Meta but I thought Uber's report this morning was notable because according to the numbers
0:44.2	Uber's core business is back to pre-COVID times levels
0:48.1	quoting cambec. The company appears to be on track to surpass pre-pandemic levels as travel accelerates.
0:55.2	CEO Dara Kostroshahi said in a statement that April mobility gross bookings exceeded 2019 levels across all regions and use cases.
1:03.7	For the second quarter Uber anticipates gross bookings of between 28 and a half billion dollars
1:08.3	and 29 and a half billion.
1:09.7	In addition, it expects adjusted Ebita or earnings before interest taxes, depreciation, and
1:14.4	amortization of between $240 million and $270 million.
1:19.2	Uber said it expects to generate, quote, meaningful positive cash flows for full year
1:24.8	2022 which would mark a first for the company. The company reported a net loss of
1:30.0	5.9 billion dollars for the first quarter, which it said was primarily due to its equity
1:35.4	investment in Southeast Asian mobility and delivery company Grab, Autonomous Vehicle Company
1:40.4	Aurora, and Chinese Ridehailing Giant D.
1:43.0	Uber CFO, Nelson Chai, said in prepared remarks the company has the liquidity to maintain its
1:48.6	positions and wait for a better time to sell.
1:51.3	Uber was reliant on its delivery business, which includes Uber eats throughout the pandemic.
	...

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