Uber Drivers, Delivery Agents Grow to 5 Million; Turns Cash Flow Positive for First Time in Bumper Quarter
Uber reported positive quarterly cash flow for the first time ever on Tuesday and forecast third-quarter operating profit above estimates, as more people rely on its services for transport and food delivery. The company's shares surged 13 percent to $27.9 (roughly Rs. 2,200) and helped drive an 13 percent gain in rival Lyft's stock. Uber generated free cash flow of $382 million (roughly Rs. 3,000 crore) in the second quarter, topping analysts' expectations of $263.2 million (roughly Rs. 2,100 crore), as trips exceeded…