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We, we get a pretty live pulse of what's happening on the streets every day, right, and in the cities in which we live. And at this point we don't see any signal of a recession coming. Now what's different about us than most companies out there isthat just as you saw during the pandemic, a shift from spend on services to spend on retail, that shift is now going back to services. And we are the definition of a service, right, moving around, travels back, etc. So I do think that our service is benefiting from the shift back. Certainly the reopening helps our mobility business. Our mobility business is growing at a very very high rates, highly profitable. That delivery business, delivery of everything at home continues to be strong. So at this point we don't see any signal whatsoever.

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We, / we get a pretty / live pulse / of what's happening on the streets every day, / right, / and in the cities in which we live. // And at this point / we don't see any signal / of a recession coming. // Now / what's different about us than most companies out there/ is that / just as you saw during the pandemic, / a shift from spend on services / to spend on retail, / that shift is now going back to services. // And we are the definition of a service, / right, / moving around, / travels back, / etc. // So I do think that / our service is benefiting from the shift back. // Certainly / the reopening helps our mobility business. // Our mobility business is growing at a very / very high rates, / highly profitable. // That delivery business, / delivery of everything at home / continues to be strong. // So at this point / we don't see any signal whatsoever. //

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We have gone through recessions in South America, Mexico, and Brazil in the past. And what you see during those recessions is that as a labor pool eases up and certainly we don't see signs of that yet here or in -in Europe more drivers come onto the platform. And as more drivers come onto the platform, the platform continues to grow. Service levels get better. So I think versus many other companies, we don't have large -a large asset base. Our cost base essentially adjusts in stronger economy. Our cost base increases as earners and drivers earn much more money. In weaker economies, as you get more drivers into the marketplace their earnings adjust as well. So I think we are relatively recession resistant if it happens. I certainly hope it doesn't happen. Right now the signal on the street is things are really strong and the spend on services continues to be quite robust.

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We have gone through recessions in South America, / Mexico, / and Brazil in the past. // And what you see during those recessions / is that / as a labor pool eases up / and certainly we don't see signs of that yet here / or in / -in Europe / more drivers come onto the platform. // And as more drivers come onto the platform, / the platform continues to grow. // Service levels get better. // So I think / versus many other companies, / we don't have large / -a large asset base. // Our cost base essentially adjusts / in stronger economy. // Our cost base increases / as earners and drivers earn much more money. / In weaker economies, // as you get more drivers into the marketplace / their earnings adjust as well. // So / I think we are relatively / recession resistant / if it happens. // I certainly hope it doesn't happen. // Right now the signal on the street is / things are really strong / and the spend on services continues to be quite robust. //