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Benzinga
Benzinga
Business
AJ Fabino

Investors Wanted Uber To Be Profitable - It's Close, And Lyft Is Along For The Ride

Uber Lyft Dara Khosrowshahi NYSE Uber Technologies Inc

Back in May, ride-sharing giant Uber Technologies Inc. (NYSE:UBER) delivered its first-quarter 2022 earnings report.

Back then, Uber CEO Dara Khosrowshahi declared that the business would reduce spending in order to concentrate on getting leaner in order to address the "seismic change" in investor attitude.

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