Uber report nearly $3bn losses in quarter that sees stock impacted by COVID-19

Uber report nearly $3bn losses in quarter that sees stock impacted by COVID-19

The company losses exclude a $2.1 billion write down on minority investments a few weeks ago. The loss of 64 cents per share, is less than Wall Street’s forecast 88-cent loss as overseas investments suffer. CEO Dara Khosrowshahi pointed to reassuring signs in markets hit badly by COVID-19 including a surge in food deliveries. CFO Nelson Chai confirmed the company has ample liquidity in the crisis.

Timothy
Timothy
Oliver Biscuit
Oliver Biscuit 3 weeks

Any different than the losses they have anyway? Not even sure if theye ever been profitable.

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