$UBER went from generating negative free cash flow a few years ago to roughly $10.1B in TTM free cash flow today. That matters because Uber is no longer just a high-growth platform. It is becoming a serious cash-generating business while rides, delivery, ads and newer opportunities continue to scale. A big part of my thesis is that free cash flow can keep compounding faster than revenue as operating leverage improves. If Uber keeps turning more of its scale into cash, I think the market will eventually have to value the business much differently. $UBER remains one of my highest-conviction long-term holdings.
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shawn kummer@shawnkummer · 1h
$tsla and $spcx will eventually put $uber and $lyft out of business. When is the question 🙋
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