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MARKETS LIVE BLOG:

STOCKS WOBBLE AT OPEN AS INVESTORS LOOK FOR INSPIRATION

Airbnb shares slump as gloomy Q2 forecasts fan slowdown worries

Why Uber Stock Was Climbing Today

Jeremy Bowman, The Motley Fool
·2 min read
Why Uber Stock Was Climbing Today

Shares of Uber Technologies (NYSE: UBER) jumped today after the ride-sharing leader issued a strong fourth-quarter earnings report and beat estimates on the top and bottom lines. The fourth-quarter reports showed that Uber's efforts to streamline the business and rein in costs seem to be paying off. The discrepancy between bookings and revenue was due to a change in the business model in its U.K. mobility business and the acquisition of Transplace by Uber Freight.

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