Uber’s 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 More

from TechCrunch http://ift.tt/2iinZO1
via IFTTT