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I see Uber Technologies (i)(UBER) as one of the most exciting growth stories of our time. Within a few years, the company has succeeded not only in becoming the market leader in ridesharing with over 64 billion rides conducted but also in quickly building a profitable business. I am particularly impressed by the free cash flow of $8.5 billion in the last twelve months. Rides, user numbers, and gross bookings are growing at double-digit rates, and this efficiency continues to drive profits higher. The new share buyback program of $20 billion demonstrates...
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