Unhedged

Uber finally delivers

After a decade, billions of dollars and almost five years on the public markets, Uber has at last turned a profit. In the previous quarter, it made $326 million dollars. Today on the show, we ask: What took it so long? And why is it so hard to make money matching riders with drivers? Also, we go long the 10-year US Treasury, and short cultural criticism.  For a free 90-day trial to the Unhedged newsletter go to: https://www.ft.com/unhedgedoffer Follow Ethan Wu (@ethanywu) and Katie Martin (@katie_martin_fx) on Twitter. You can email Ethan at ethan.wu@ft.com. <a href="https://www.ft.com/content/1a666962-f2e9-43a4-9cb7-96fe6862f529" rel="noopener noreferrer" target="_blank">Read a transcript of this episode on FT.com</a> Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.

Katie Martin, Robert Armstrong and other markets nerds at the Financial Times explain the big ideas behind what’s happening in finance right now. Every Tuesday and Thursday. Hosted on Acast. See <a href="https://acast.com/privacy" rel="noopener noreferrer" style="color:grey;" target="_blank">acast.com/privacy</a> for more information.