Technology

Why Uber’s Stock Rally Doesn’t Make Sense

Why Uber’s Stock Rally Doesn’t Make Sense

Uber proved countless doubters wrong by showing, when it reported its third-quarter results last fall, that its ride-hailing business can make money. And as investors await the fourth-quarter numbers scheduled to be released Feb. 6, they’ve sent the stock soaring. It’s as though they think the worst is over for the ride-hailing giant.

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