“This Looks Bad. Look Over Here.”

This podcast episode explores the recent earnings report of Uber, highlighting the accounting treatment of a loss caused by the revaluation of investments. Despite this loss, Uber's operations are generating significant cash flow. The potential culprits for the market's negative reaction are identified as Silvergate Capital and Joby Aviation. The struggles of Uber Freight and the announcement of a partnership between Uber and Instacart for restaurant delivery are also discussed. The episode further delves into the financial performance of Toast, emphasizing the improvement in unit economics and average revenue per user. The importance of adjusted EBITDA as a key metric for evaluating Toast's performance is examined. Lastly, the episode focuses on how Chegg leverages AI to provide personalized learning experiences for students and the positive effects of their automated answers feature. Metrics to watch for Chegg's performance and the emphasis on not relying solely on the discussed information for stock investment decisions are highlighted.