Uber CEO acknowledges self-inflicted wounds as company reveals strong growth, huge losses ahead of listing

//Uber CEO acknowledges self-inflicted wounds as company reveals strong growth, huge losses ahead of listing

Uber CEO acknowledges self-inflicted wounds as company reveals strong growth, huge losses ahead of listing

Uber is providing a look into its business in the lead-up to its hotly anticipated debut on the stock market, revealing strong growth but an ongoing struggle to overcome huge losses and repair its reputation.Documents released overnight on Thursday offered the most detailed view of the world’s largest ride-hailing service yet. The massive filing shows Uber has been generating the robust revenue growth that entices investors, but also racked up about US$8 billion in losses over its 10 years in…

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By | 2019-04-12T04:08:11+00:00 April 12th, 2019|Business|Comments Off on Uber CEO acknowledges self-inflicted wounds as company reveals strong growth, huge losses ahead of listing