• Uber booked $2.2 billion in sales last quarter as its giant losses narrowed

    3 monthes ago - By Business Insider

    Uber has had a chaotic year, battling lawsuits, sex discrimination allegations, and the departure of many of its top execs. But behind the scenes its business has been slowly improving.
    The transportation startup narrowed its 2017 fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters.
    Meanwhile, the ride-hailing company's quarterly revenue rose 11.8 percent to $2.2 billion from its previous quarter, the source said. Per Bloomberg , it's up 61% compared to 2016.
    Uber has gone on to raise more than $14 billion...
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  • Uber booked $2.2 billion in sales last quarter as its giant losses narrowed

    Uber booked $2.2 billion in sales last quarter as its giant losses narrowed

    3 monthes ago - By Business Insider

    Uber is narrowing its enormous losses and its revenues are growing.
    In Q4 2017, it booked $2.2 billion in revenues.
    It comes as the company tries to move past a year of lawsuits and scandals.
    Uber has had a chaotic year, battling lawsuits, sex discrimination allegations, and the departure of many of its top execs. But behind the scenes its business has been slowly improving.
    The transportation startup narrowed its 2017 fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters.
    Meanwhile, the ride-hailing...
    Read more ...

     

  • Uber's fourth-quarter loss narrows to $1.1 billion: source

    Uber's fourth-quarter loss narrows to $1.1 billion: source

    3 monthes ago - By Reuters

    Uber Technologies Inc narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters.
    Read more ...