$Uber missed Eats bookings in q2, stock tanked
Missed eats booking in q3, stock tanked
Yet still street modeling 550bps acceleration in q4???
Where is the pilotpic.twitter.com/TplKgMToeI
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62% yoy in q4 vs 73% q3. 18pt decel prior 2 quarters. It could happen. Just don’t see the logic on base case being there, esp after making this mistake prior 2 quarters. Too many people anchoring on the company’s pre-IPO model which clearly has changed.
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