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Transcripts For CNBC Squawk On The Street 20240713

Road map begins with the curse of the unicorn uber under pressure again. We have that softbank disaster after the funds wework debacle. Masa son saying his investment judgment was poor. Hp rallying ahead of the bell, the target of a potential takeover effort by xerox well start with uber. Shares facing more pressure after hitting an all time low yesterday. Company reports another billion dollars in losses as you know and the post ipo lockup period is expiring, freeing up a billion shares for trade the take among some is the shares are so underwater, maybe the expire doesnt mean as much. I dont buy that reasoning. I think that what matters on the conference call, they committed to losing money. Now they committed to making money in 2021. The patience level is lost here. I think this is one of those stocks where you say why do i need this, i can buy i can name ten other stocks and the kinds of stocks that are going up are value stocks, this is the ultimate of what youre not supposed to b

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