Uber's Rebound Continues , Despite High Gas Prices <br />and Inflation.<br />The company stated on Aug. 2 that its revenue exceeded $8 billion during the first three months of the second quarter.<br />That number is more than double the company's revenue in the second quarter of 2021.<br />In addition, Uber reported that it is <br />now cash flow positive.<br />According to the company, <br />the numbers of users and <br />drivers of the app are <br />"at all-time highs.".<br />Monthly users of the app <br />have exceeded 122 million <br />despite a difficult economy <br />marred by inflation.<br />No one wishes for a tough economic environment or elevated inflation that's affecting so many of us, including <br />Uber drivers, Dara Khosrowshahi, Uber CEO, via CNN.<br />Analysts look to Uber as a barometer of consumer behavior two years into the pandemic.<br />In addition to its ride-sharing model.<br />... Uber's food and <br />grocery delivery services remain strong.<br />[Uber] delivered balanced growth [and has done so] on a platform that's larger than ever, with the number of consumers and earners using Uber now both at <br />all-time highs, Dara Khosrowshahi, Uber CEO, via CNN.<br />News of the strong revenue pushed shares <br />of Uber stock up 15 percent.<br />When we look at the competitive environment, this is the strongest we felt competitively globally since Nelson and I probably started here, Dara Khosrowshahi, Uber CEO, via CNN.<br />Right now, the machine <br />is working, Dara Khosrowshahi, Uber CEO, via CNN
