Gurley cites Uber burning $2B yearly, now generating over $10B in annual free cash flow.
“Uber's a case where we were burning 2,000,000,000 a year and Dara, you know, has it now generating over 10,000,000,000 a year in free cash flow.”
Gurley states Mag Seven companies formerly generated approximately $3.4 trillion in cash flow before CapEx shift.
“I will tell you, I have a couple different answers to this, which I think are quite interesting. First of all, the Mag seven formerly were creating, I don't know, $3,400,000,000,000 in cash flow.”