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Uber’s Losses Continue Before Ipo

by posted 4months ago 18 views
Uber is still working to stem its losses before going public next year. The San Francisco ride-hailing company said Wednesday that it lost $1.07 billion in the third quarter, more than in the prior period and slightly less than in the same period a year ago, as it has invested heavily outside of its core business in areas such as bicycles, scooters and freight shipments. At the same time, Uber’s growth appears to be slowing.

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