Uber shares fall after ride-hailing company reports $5bn loss

.Costs rose by 147% to $8.65bn during the quarter.

This was partially due to one-off costs, such as $3.9bn of stock-based compensation expenses related to its IPO earlier this year and nearly $300m in"driver appreciation" related to the stock sale.Total revenue was up 14% to $3.2bn but still below expectations. Revenue from the company's main business - its ride-hailing - grew just 2% to $2.3bn and food delivery division Uber Eats grew 72% to $595m .

Colombia Últimas Noticias, Colombia Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Packer sold share of Crown to tycoon who was director of 'banned' companyNSW parliament launches inquiry into $1.75bn purchase by casino magnate Lawrence Ho, who was involved with a company banned from doing business with Crown Exactly why has Packer not been charged with anything. He is up to his neck in criminality.
Fuente: The Guardian - 🏆 84. / 53 Leer más »