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Money

Uber revenue soars in first quarter

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Ride-share company Uber records a massive jump in revenue as drivers return and bookings soar

Uber has rocketed into the year.

The ride-share company’s revenue grew 29 per cent in the first quarter, as drivers return and bookings soar.

Uber recorded $8.8 billion in revenue, roughly in line with investor expectations.

The company had $31.4 billion in gross bookings — which is the amount of money paid by customers — a 19 per cent jump from a year ago.

Uber says it is on track to generate a quarterly profit from the strength of its business operations sometime this year — continuing on the road to overall profitability.

“With our global scale and deeper local density, we are increasingly separating from smaller regional competitors both on driver preference and on the breadth of mobility products we offer consumers,” Dara Khosrowshahi, Uber’s chief executive, said in a statement.

Shares of Uber ended the day nearly 12 percent higher, with the company reporting several other figures that beat investor expectations.

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Tesla shareholders approve historic $56B Elon Musk pay package

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Tesla shareholders have voted to approve Elon Musk’s unprecedented $56 billion compensation package, underscoring their confidence in his leadership and vision for the electric car company.

The package, which is tied to ambitious performance targets, includes a mix of stock options and bonuses contingent upon Tesla’s financial and operational milestones over the next decade.

As reported by Reuters, the approval underscores the support that Musk enjoys from Tesla’s retail investor base, many of whom are vocal fans of the mercurial billionaire.

The proposal passed despite opposition from some large institutional investors and proxy firms.

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Money

Rich listers secret’s: how billionaires build their wealth

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Australian billionaires, including Gina Rinehart, have built their wealth by investing in valuable, income-generating assets.

For the average person looking to build their wealth, one possible option could be to buy quality assets like stocks when the market dips.

Mark Wyld from MW Wealth joins to discuss. #featured #trending #wyld money

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Buyer’s agent unveils key to building wealth through property

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Unveiling the strategies for game-changing wealth building through property.

Wyld Money dives into the world of financial freedom. Whether you’re a seasoned investor or just getting started, join us for actionable tips and tricks to unlock your earning potential, and retire on your own terms.

In this episode, Mark is joined by Buyers Agent, Jack Henderson from Henderson Advocates. #trending #wyld money

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