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Despite earning $2.8 billion in revenue, Uber bleeds $891 million in net losses

Started by Redaktion, August 15, 2018, 23:20:26

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Redaktion

August 15, 2018, 23:20:26
Uber lost a net $891 million this quarter as it continues to aggressively invest in new ventures and technologies. Despite bringing in almost $3 billion, the company hemorrhaged cash as it acquired new companies, started new lines of business, and invested in new technology. Despite this massive loss, investors remain optimistic about the company's future.

https://www.notebookcheck.net/Despite-earning-2-8-billion-in-revenue-Uber-bleeds-891-million-in-net-losses.323322.0.html
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