Uber company record lost of $2.8billion...Despite double booking of $20billion report

Saturday 15 April 2017

Uber company record lost of $2.8billion...Despite double booking of $20billion report


Despite Uber's rapid growth last year, the ride-hailing company lost more than $2 billion.

Uber generated $6.5 billion in revenue last year and its gross bookings doubled to $20 billion, the company said on Friday.

However, its adjusted net loss was $2.8 billion, excluding the operation in China it sold last year, Uber said.

Uber has been rocked by a number of setbacks lately, including detailed accusations of sexual harassment from a former female employee and a video showing Chief Executive Travis Kalanick harshly berating an Uber driver.

In spite of being  a  company  with a networth of $86million over the years of its operational start. The company does not make its financial  statements  to the public but according  to an email sent by the company confirming the figures in an emailed statement after Bloomberg reported the results.

Uber did not provide first quarter figures, but a spokeswoman said they 'seem to be in line with expectations'.

Please Share:


Kindly drop a comment. The comment box is below

No comments:

Post a Comment

YES