Uber is 100% going to miss earnings. Badly.

- Uber reported a 141% increase in net income for the three months ended on December 31st, 2023 - The company made $1 billion in unrealized gains on stocks such as Aurora Innovations, Didi, and Grab - The gains from these investments fueled the majority of Uber's reported profit in the last quarter - Uber experienced losses on their stock investments in the following quarter, resulting in a total loss of $697 million - Analysts' estimates for Uber's profit are $0.21 per share - The post suggests shorting Uber stock for potential profit as the company's profit heavily relies on unrealized gains