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Uber Reports Loss of $5.2 billion
#1 · August 9, 2019, 12:37 PM
Uber, the world’s biggest ride-hailing company lost $5.2 billion last quarter. Also, it reported its slowest-ever revenue growth. The stock took a hot bath.
Uber just reported its second quarterly earnings ever as a public company, and hoo boy! That’s a lot of red ink! The ride-hailing giant reported losing a whopping $5.2 billion in the last three months.
The revenue grew 14% year-on-year.
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