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Uber files for IPO, claims it will never make a profit

Uber files for IPO, claims it will never make a profit

In an IPO filing, Uber Technologies said it has 91 million users, but growth is slowing and it may never make a profit. The company said it lost $3.03 billion in 2018 from operations. In 2018, it had $11.3 billion revenue, up around 42 per cent over 2017, but below the 106 per cent growth the prior year.

Simone
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