Hyperdrive
Uber Surges After Saying Cash Cushion at Least $4 Billion
- CEO says he wouldn’t put kids in an Uber in SF right now
- Internal Khosrowshahi memo celebrated decision to IPO in 2019
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Uber Technologies Inc. told investors that it would have billions of dollars in cash at the end of the year, even in its bleakest estimates about the business’s prospects.
Uber’s shares soared 38% in New York, the most since the company listed last year.