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#1
20-12-2016, 03:00 PM
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Chitchat Uber Lost US$800M In Q3! Guess When It Will Declare Bankruptcy?
An honorable member of the Coffee Shop Has Just Posted the Following:
(Reuters) - Privately held ride-hailing company Uber Technologies Inc [UBER.UL] lost more than $800 million in the third quarter, Bloomberg reported on Monday. The company's $800 million in losses did not include its operations in China, Bloomberg said, citing a person it said was familiar with the matter. (http://bloom.bg/2hOkH2X) In the previous quarter the company's loss significantly exceeded $800 million, including its Chinese operations, Bloomberg said. Uber generated about $1.7 billion in net revenue in the third quarter, up from $1.1 billion in the previous quarter, Bloomberg reported. The company is on track to surpass $5.5 billion in net revenue in fiscal 2016, Bloomberg said. Uber did not immediately reply to a request for comment. (Reporting by Gaurika Juneja in Bengaluru; Editing by Bill Rigby) https://sg.news.yahoo.com/uber-lost-...--finance.html Click here to view the whole thread at www.sammyboy.com. 
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