Uber is down again on only its second day as a publicly traded company. It's not the first 'unicorn' to have a rough entry to the public markets this year.
If and when the ride-hailing company will generate a profit is a huge question for investors. Despite the market reacting negatively to the stock, analysts at New Street research think the shares are attractively valued and have a promising path to profitability.
Ferragu also said individual usage is growing. "Uber can grow monthly active users 3x in the US, 4x in the rest of the world," he said.
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