Uber reported that bookings hit a record in March, and added that it expects to turn a profit before the end of the year.
In a document filed with the U.S. Securities and Exchange Commission Uber said its delivery business crossed a $52 billion annualized run-rate in March, a 150% increase from the same period last year, while its mobility business posted a $30 billion annualized run-rate. Collectively, Uber said, total company gross bookings reached the highest monthly level in its nearly 12-year history.
So, what does Jim Cramer think of Uber here?
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