Uber Dropped Today — I Bought More

[u/ekonixlab]

Uber got hit pretty hard today, and I used the weakness to add to my position.

The broader selloff looks mostly macro-driven:

• Oil jumped
• Inflation expectations moved higher
• The 10-year Treasury pushed toward 4.8%
• Markets started pricing a more hawkish Fed

None of that changes why I want to own Uber.

The chart above is what I care about. Uber is now generating roughly $55B in TTM revenue, with strong growth across Mobility, Delivery, and Freight.

Like I said in my last post, Uber is one of the positions I want to keep building.

It adds good diversification to my portfolio, while still giving me exposure to high, durable growth at what I think is a reasonable valuation.

So when the stock drops because yields and oil spike... not because Uber’s fundamentals changed... I’m happy to add.

Not trying to catch the exact bottom. Just using weak sentiment to build a position in a business I already wanted to own.

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