Is Uber Technologies Overvalued?

In the competitive environment of the gig economy, Uber Technologies Inc. (UBER, Financial) has succeeded in capturing market share through brand presence, expanding operations in new geographies and was added to the S&P 500 Index. The company generated positive net income for the first time in 2023, though that was due to its unrealized gain position in its Aurora investment. Diversification into various product lines has allowed Uber to generate multiple revenue streams. However, it faces critical challen ...