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San Francisco, California-based Uber Technologies, Inc. (UBER) provides a platform that allows users to access transportation and food ordering services. With a market cap of $169.5 billion, Uber operates the world’s largest mobility platform with its operations spanning approximately 70 countries and over 10,000 cities across the globe.
Shares of the mobility giant have notably outpaced the broader market over the past 52 weeks. UBER has advanced 19.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 11.7%. Moreover, shares of UBER are up 34.1% on a YTD basis, compared to SPX’s 4.7% decline.
