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November 29, 2017 08:56 am GMT
Uber has given its shareholders an update on the company’s performance and it’s definitely in the red. The global ridesharing company lost $1.46 billion in just the third quarter.This compares to negative $1.06 billion in the previous quarter. But net revenue also went up from $1.66 billion to $2.01 billion. Gross bookings grew to $9.71 billion, versus the $8.74 billion in the… Read More
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/woqtntutopY/
Ubers losses grew to $1.5 billion last quarter
Uber has given its shareholders an update on the company’s performance and it’s definitely in the red. The global ridesharing company lost $1.46 billion in just the third quarter.This compares to negative $1.06 billion in the previous quarter. But net revenue also went up from $1.66 billion to $2.01 billion. Gross bookings grew to $9.71 billion, versus the $8.74 billion in the… Read MoreOriginal Link: http://feedproxy.google.com/~r/Techcrunch/~3/woqtntutopY/
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