• Uber lost $3.7 billion during its last three quarters

    6 monthes ago - By Chron

    Uber has gone through a lot of changes over the past year, including a new CEO. But one thing has not changed: The ride-hailing company is still losing a lot of money.
    Uber posted a net loss of $1.1 billion in the fourth quarter, according to reports from various news organizations citing sources inside the privately held company. Uber's bookings and revenue have both grown over the course of the last nine months, as we can see on this chart by Statista.
    The increasing revenue is a good sign for the business. But as Uber moves closer to a planned 2019 IPO, the company will be under...
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  • Uber lost $3.7 billion during its last three quarters

    Uber lost $3.7 billion during its last three quarters

    6 monthes ago - By Business Insider

    Uber has gone through a lot of changes over the past year, including a new CEO. But one thing has not changed: The ride-hailing company is still losing a lot of money.
    Uber posted a net loss of $1.1 billion in the fourth quarter, according to reports from various news organizations citing sources inside the privately held company. Uber's bookings and revenue have both grown over the course of the last nine months, as we can see on this chart by Statista .
    The increasing revenue is a good sign for the business. But as Uber moves closer to a planned 2019 IPO, the company will be under...
    Read more ...

     

  • Uber lost $3.7 billion during its last three quarters

    Uber lost $3.7 billion during its last three quarters

    6 monthes ago - By Business Insider

    Uber has gone through a lot of changes over the past year, including a new CEO. But one thing has not changed: The ride-hailing company is still losing a lot of money.
    Uber posted a net loss of $1.1 billion in the fourth quarter, according to reports from various news organizations citing sources inside the privately held company. Uber's bookings and revenue have both grown over the course of the last nine months, as we can see on this chart by Statista .
    The increasing revenue is a good sign for the business. But as Uber moves closer to a planned 2019 IPO, the company will be under...
    Read more ...

     

  • Cisco posts loss on $11.1 billion tax-related charge

    6 monthes ago - By Reuters

    Network gear maker Cisco Systems Inc posted a net loss on Wednesday due to an $11.1 billion charge related to recent changes to the U.S. tax law.
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  • Uber's net loss widens to $4.5 billion for tumultuous 2017

    6 monthes ago - By Chron

    Ride-hailing giant Uber's full-year net loss widened to $4.5 billion in 2017 as the company endured a tumultuous year that included multiple scandals, a lawsuit alleging the theft of trade secrets and the replacement of its CEO.
    The results also showed that Uber cut its fourth-quarter net loss by 25 percent from the third quarter as new CEO Dara Khosrowshahi moves to make the company profitable ahead of a planned initial public stock offering sometime next year.
    The full-year loss grew from $2.8 billion in 2016, a year with results skewed by a gain from the sale of Uber's unprofitable...
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