Profitability will remain a challenge for Uber for a while: Analyst

Uber Eats is currently a hedge against the decline in the ride-sharing business, and "only time will tell" what the long-term impact on demand will be post-pandemic, says Ygal Arounian of Wedbush Securities. He notes questions about sustainability but predicts both Uber Eats and Uber itself "should be strong in the long term".