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Uber has finally turned a corner, and the competition can't keep up.
Uber (UBER -1.19%) has become a great growth stock as it's expanded into new markets like food delivery, but it's also using one simple change to churn out free cash flow. In this video, Travis Hoium highlights what it is and why the competition can't keep up.
*Stock prices used were end-of-day prices of Jan. 19, 2024. The video was published on Jan. 21, 2024.
John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Travis Hoium has positions in General Motors. The Motley Fool has positions in and recommends Amazon and Uber Technologies. The Motley Fool recommends General Motors and recommends the following options: long January 2025 $25 calls on General Motors. The Motley Fool has a disclosure policy. Travis Hoium is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through their link they will earn some extra money that supports their channel. Their opinions remain their own and are unaffected by The Motley Fool.
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