Uber investors know that sentiment can turn on a dime. Over the past year we've seen buzz ahead of its springtime debut in 2019 sputter, only to shift back out of reverse through the first month of 2020. There will be plenty of ups and downs in 2020. We're already seeing potential potholes as it appeals to keep its license to operate in London amid safety concerns and grapples with new California regulatory changes that make it more challenging to succeed in the country's largest state. The negatives are offset by the positives. Uber's flagship personal mobility platform is closing in on profitability. The shakeout among food delivery apps will give Uber Eats and the thinning ranks of survivors more pricing flexibility. It's fair to say that investing in IPOs is riskier than buying stocks in more seasoned market-tested companies, but as long as Uber can swerve away from any negative headlines, the road ahead looks a lot more promising than the road it leaves behind.