Uber shares skid after report on widening losses
Ride-hailing giant Uber reports a loss of US$1.2 billion in the recently ended quarter, up from a loss of US$986 million a year ago. – EPA pic, November 5, 2019.
UBER shares yesterday skidded after the ride-hailing giant reported widening losses in the just-ended quarter, as it boosts investments in new services and features. The San Francisco-based company reported a loss of US$1.2 billion , up from a loss of US$986 million a year ago. Effective July 2018, access to full reports will only be available with a subscription. Sign-up now and enjoy one week free access!
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