Monday 17 April 2017

Uber loses $2.8bn

Uber had 2016 revenues of $6.5 billion for a loss of $2.8 billion, the company reported. Q4 bookings were up 28% from Q3 at $6.9 billion, but Q4 losses grew to $991 million. Uber has raised $13 billion and gained another $1 billion when it sold its China operation to a local rival. Uber is ...

Read full article: Uber loses $2.8bn



from Electronics Weekly https://www.electronicsweekly.com/news/business/uber-loses-2-8bn-2017-04/

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