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UBER
Business Insider
116 days

Uber is 'recession-resistant' and might cost users less if a downturn comes, CEO Dara Khosrowshahi says

1. Uber's CEO claims rides could be cheaper during a recession. 2. Increased unemployment could lower Uber's labor costs, impacting fares. 3. Uber is viewed as 'recession-resistant' due to continued demand for services. 4. Historical trends show consumers may opt for 'small treats' like Uber. 5. Concerns exist about gig job saturation affecting new driver opportunities.

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FAQ

Why Bullish?

If Uber can reduce costs during a recession, it may attract more riders. Historical instances show consumer preference for affordable luxuries during downturns.

How important is it?

The article discusses potential pricing strategies that could significantly impact Uber's revenue during economic downturns. Understanding labor costs and consumer behavior can affect investor sentiment.

Why Short Term?

The immediate impacts of a potential recession and consumer behavior will manifest quickly. Earnings may be influenced by shifts in consumer spending in the near future.

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