How Profitable Can Uber Become?

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Bill Baruch, President & Founder, Blue Line Futures

With ~130 million people on the Uber platform, Bill Baruch breaks down the company’s platform model and what it means for future profitability.

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Bill Baruch thinks that Uber obviously is going to keep rallying, which it is again today. Because you bought more. Yeah. Tell us why.

Yeah, I mean, last week we bought more. I like I like the name and I think thinking outside the box, what else are they going to bring to the table? Over the years they get 130 million users and so they’re building a network and they’re expanding out to freight that final mile. But let’s really point the direction out.

They are a profitable company now, and I think they’ll continue to earn profits, gain profits, and they’re a platform company similar to, if you look at it like a Netflix could it be ever was and really driving things. I love the name mover and I think they’ll continue to be big growing at market share.

I mean Josh you do to Goldman by the way just got a to Uber also. Okay. All right. Good stuff. Good to know. Thank you for that. Goldman says, by the way, Amazon, Medha, Uber and Alphabet are the top picks not only into year end, but Josh into 2020. Also personally.

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Futures trading involves substantial risk of loss and may not be suitable for all investors. Therefore, carefully consider whether such trading is suitable for you in light of your financial condition. Trading advice is based on information taken from trade and statistical services and other sources Blue Line Futures, LLC believes are reliable. We do not guarantee that such information is accurate or complete and it should not be relied upon as such. Trading advice reflects our good faith judgment at a specific time and is subject to change without notice. There is no guarantee that the advice we give will result in profitable trades. All trading decisions will be made by the account holder. Past performance is not necessarily indicative of future results.

Blue Line Futures is a member of NFA and is subject to NFA’s regulatory oversight and examinations. However, you should be aware that the NFA does not have regulatory oversight authority over underlying or spot virtual currency products or transactions or virtual currency exchanges, custodians or markets. Therefore, carefully consider whether such trading is suitable for you considering your financial condition.

With Cyber-attacks on the rise, attacking firms in the healthcare, financial, energy and other state and global sectors, Blue Line Futures wants you to be safe! Blue Line Futures will never contact you via a third party application. Blue Line Futures employees use only firm authorized email addresses and phone numbers. If you are contacted by any person and want to confirm identity please reach out to us at info@bluelinefutures.com or call us at 312- 278-0500


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