Sell This Unprofitable Stock Before It Gets Worse

Uber Technologies (UBER) is an American ride-hailing service provider with operations in nearly 1,000 cities worldwide. 

And while the company’s most recent quarterly results were more positive than expected, UBER continues to operate at a massive loss. 

In the second quarter, UBER reported a loss per share of $0.58. The company also said its earnings before interest, taxes, depreciation, and amortization were a loss of $509 million, significantly higher than analysts’ projected loss of $321.7 million. 

This trend is unlikely to end anytime soon, as UBER and the broader gig economy face major headwinds. 

Even with an improvement in the number of consumers using its services, UBER is struggling to bring back workers. Because of this, the company has increased payouts for drivers. UBER also went as far as to offer bonuses to those that refer new drivers. 

This means UBER’s costs are rising as it continues to burn through cash…

But that isn’t even the biggest issue for the company. Countries all around the world are altering gig-economy laws. In the U.K. and Spain, for example, court rulings said ride-hailing businesses must provide workers with employee benefits. 

And California’s Proposition 22 – which allows UBER and other companies to classify their workers as independent contractors without benefits – is receiving major pushback. A judge recently ruled that Proposition 22 violated the state’s laws and removed the opportunity for workers to receive basic compensation and benefits. 

And as these headwinds grow, it’ll further weigh on UBER’s efforts to achieve profitability and lower its monumental expenses.

Whitney Tilson: Here’s My #1 TaaS Pick (Free)

Sponsored

While it's getting very little attention in the mainstream press…

Wall Street legend Whitney Tilson, says “an absolute stock market frenzy” is erupting in one small corner of the new technology space…

  • An Ohio company working on this tech soared roughly 500% in two months.
  • A California company considered the leader in this space is up as much as 360% since the start of this year.
  • A New York company entering this space shot up 71% in just two days.
  • A Phoenix company working on this breakthrough recently shot up 104% in a single day.
  • And a Vancouver company shot up as much as a whopping 1,000% since the start of 2020.

And now…

Tilson says the returns in this space are only going to escalate from here, as it enters the next phase.

Tilson – a former hedge fund manager who's twice appeared on 60 Minutes to break big financial stories – says…

“The best thing you can do as an investor is position yourself in front of a massive, inevitable, and booming trend… and that's what we're looking at right here.”

That's why Whitney Tilson and his research team have put together a full analysis, which explains everything you need to know about this new, skyrocketing tech sector.

His analysis also includes the stock name and ticker symbol of their favorite stock pick in this space.

You can access their recent analysis, including the charts, photos, and videos that accompany it, on the Empire Financial Research website, totally free of charge, right here.

$3 EV Play No One's Talking About

This company is a sneaky EV play that no one’s talking about. They’re producing an odd variation on the traditional EV that has consumers raving.

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$30 Stock Freaking Out Billionaires

This stock is an industry leader in a robotics technology that is freaking out billionaires (trading for just $30).

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

The Best TaaS Stock Right Now

This company is set to corner the market in a self-driving technology that  could fundamentally change our entire society – much like the internet did.

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

Up to 20,000 IPOs All in One Day

A radical $2.1 quadrillion shift is coming to the financial markets.

Some are calling it G.T.E. and Mark Cuban, Elon Musk, Richard Branson, and even banks like J.P. Morgan are invested in the tech behind it.

Just $25 could get you in alongside these billionaires. 

Enter your email address to receive the video that reveals it all.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works

$2 Biotech Stock

Steve Cohen, the billionaire stock picker known for running one of the most successful hedge funds ever, has poured millions into the first stock, and it’s trading for only $2.

Enter your email address to receive this company’s name and ticker symbol for free.


Free Bonus E-Book: The Second Wave Why popular tech stocks could be in store for a 92% meltdown and the #1 investment billionaires are turning to now... from Morning Bullets. Privacy Policy

By submitting your email address, you give Stock Market Junkie permission to 1. deliver the report or research you're requesting to your email inbox, 2. send free ongoing updates via our independent financial email newsletter, and 3. share carefully selected marketing offers for product and services we think will interest you. Your privacy and security are paramount to us. You can unsubscribe at any time. To review our privacy policy, click here: Privacy Policy | How it Works