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Uber (UBER) shares are dropping after the rideshare company's first quarter results saw gross bookings fall below Wall Street estimates. WestEnd Capital Management Senior Equity Analyst Ali Mogharabi joins Market Domination to break down Uber's earnings and what it could signal for the company's future. "We were not necessarily surprised by the numbers," Mogharabi tells Julie Hyman, saying that the company saw strong gross bookings and total revenue overall. "The network effect of this entire platform continues to strengthen," he adds, citing increasing user growth and frequency. Mogharabi adds that Uber stock's dip is an "overreaction to a slight miss on mainly the bottom line, which was basically a decline in the unrealized value of the equity investments that these guys have." He points to Uber Eats as a success for the company, citing the platform's continued growth long after the uptick caused by the coronavirus pandemic. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Melanie Riehl