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Shopify's revenue growth rate outpaces Uber's, yet their absolute scale gap has held steady over eight quarters.
Key TakeawaysUber stock has dropped 32% in a year while Q2 gross bookings grew 22%. Uber put ~$4B into Delivery Hero shares in Q2 after $3.
Uber Technologies has seen its share price give back ground over the past year after an earlier multi year climb. This puts fresh focus on whether the current valuation lines up with what the business earns today. With new legal liabilities, large deals and autonomous ambitions all in play, the key issue for you is whether Uber stock at around US$68 is properly supported by its earnings power. Over the past 3 years the share price has gained 49.2%, so a lot of the debate now is about how...
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