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Consumer interest driving Uber shares up 11 percent

Author
Newstalk ZB,
Publish Date
Wed, 7 Aug 2024, 8:39pm
Photo / 123RF
Photo / 123RF

Consumer interest driving Uber shares up 11 percent

Author
Newstalk ZB,
Publish Date
Wed, 7 Aug 2024, 8:39pm

Rideshare giant Uber has reported its second quarter result - and shares were up +11 percent.

CEO Dara Khosrowshahi says the company is in a position to keep growing, despite an uncertain macroeconomic outlook and decreased consumer spending.

Milford Asset Management's Deborah Lambie unpacks these results.

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