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Uber loses $1 billion in quarter

Uber loses $1 billion in quarter

Uber lost more than $1 billion in its first quarter as a public company. While the eye-popping figure had been expected by investors, the company also confirmed fears about slowing growth. Investors, however, brushed off the loss and Uber shares climbed 2.5 percent, to $40.80, in after-hours trading. The company brought in $3.1 billion in revenue.

Rocky LeBlanc
Rocky LeBlanc 1 year

Karma is a bitch as they say. Too bad more companies that have such horrible business practices don't also experience similar performance. I hope they continue to nose dive and eventually go under. The epitome of a corrupt disgusting company. The market usually has no place for these types of companies, but this one somehow paid enough people off to keep their name out of the media even through some truly horrific scandals.

Republican Phoenix
Republican Phoenix 1 year

anti-American and anti-Semites, they should fail

Randy Souse-Git
Randy Souse-Git 1 year

This dovetails nicely with the report they will start alienating more customers via their ratings system.

AshLiamBerg 1 year

I refuse to use Uber and use local taxi firms instead. They have vetted and checked drivers.

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