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Uber issues muted holiday forecast as it hits record profit

Uber reported weaker-than-expected ride bookings and issued a middling forecast for the holiday quarter, even as it delivered record operating...

Natalie Lung

"[L]ong-term, it can be great for business and it can be great for society,” he said in the interview.

Shares of Uber jumped as much as 6.9% on Friday in New York. Alphabet shares rose as much as 2.4%.

The number of short-term Airbnb listings has plummeted by 83% to just 3,700 within a year.

“While I love my job, my team, and the positive impact Uber has on the world, I have always believed family comes first,” Tony West wrote.

The Austin-based company will eliminate about 350 roles globally, it said Tuesday while reporting quarterly results.

The repurchase plan “is a vote of confidence in the company’s strong financial momentum,” CFO Prashanth Mahendra-Rajah said.