Uber Crypto Payments Are on the Horizon According to Its CE


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Uber's CEO says the company is 'absolutely' looking to add crypto payments in the future

uber eats restaurants is having a bad day. Even after reporting solid fourth-quarter results, the transportation services company is already on the decrease. But don't worry, uber stockholders: there's a fresh catalyst on the horizon. Today, the CEO of the organization is speaking out about the rapidly expanding acceptance of cryptocurrencies. Uber crypto payments, he claims, will arrive sooner or later.

uber's Q4 earnings report for 2021 was released this week. contributor William White, the call was fairly upbeat for investors. Indeed, the corporation reported earnings per share (EPS) of 44 cents, compared to a loss of 54 cents per share in the fourth quarter of 2020. Uber also exceeded revenue forecasts in the fourth quarter, earning $5.78 billion in revenue.

So, what is driving the UBER stock to fall this afternoon? The answer appears to lie in the company's newly updated earnings estimates. In this revised forecast, Uber falls short of investor expectations. According to CFO Nelson Chai, the company's goal is to reach $5 billion in profits before interest, taxes, depreciation, and amortization (EBITDA) by 2024. This amount falls well short of the EBITDA projections of analysts. Investors appear to be concerned by the conservative estimates.

UBER Stock Is Down, But Uber Crypto Payments Can Turn Things Around

As a result of the revelation, uber's losses are piling up; the company's stock dropped 6% yesterday and is expected to drop another 7% or more today. However, CEO Dara Khosrowshahi has mentioned an upcoming catalyst in a recent interview.

Khosrowshahi defended the company and its short-term volatility in an interview with Bloomberg Markets, claiming that Uber's long-term worth is rock solid. Furthermore, the CEO reaffirmed the company's previous performance, claiming a 27 percent year-over-year (YOY) increase in users.


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