'When you look at the fundamentals, which no one is doing … there's just not much here worth getting excited about,' Jim Cramer says.
debut to public markets, he said. Still, Uber offers more options than Lyft, including food delivery and logistics segments, and has a much larger reach in 700 metropolitan areas on six continents, he added.
"Uber has spent years taking over the ride-sharing business, either via acquisitions or through aggressive internal expansion," he said. "They're the undisputed king of this business, and in many ways, I think Uber is the future of transportation." Gross bookings increased 45% to $49.8 billion in 2018, and revenue increased 42% to $11.3 billion — but Uber still lost $3 billion for the year, he said. That number is down from a $4 billion loss in 2017, but it's still a problem, he added.decreased from 125% in 2017 to 39% in 2018. The company forecast growth for the segment of about 10% for the first quarter of 2019, Cramer said.As far as profitability, Uber's margins are headed in the wrong direction, Cramer said.
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