Uber Beats Analyst Estimates, Tips the Scale From Growth Mode to Its First Annual Profit as a Public Company
Uber Technologies (NYSE: UBER) has come full circle.
The ridesharing giant has undergone a stark transformation over the last few years, letting go of its desire to be the "Amazon of transportation" and instead focusing on its core strengths, jettisoning underperforming businesses and geographies. That includes pulling out of markets where it wasn't the No. 1 or No. 2 operator in ride-hailing.
Plus, it just announced it will close the alcohol delivery brand Drizly after acquiring it for $1.1 billion three years ago, absorbing alcohol delivery into Uber Eats.
Source Fool.com