Uber Technologies Inc. shares were heading lower in choppy premarket trading Tuesday after the ride-hailing company posted a mixed earnings report.
Chief Financial Officer Nelson Chai said in prepared remarks that the company saw a $521 million hit to revenue stemming from “certain business-model changes” that required the company to reclassify some promotions as contra-revenue items, rather than as sales and marketing expenses, although the changes didn’t impact profits.
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This Israeli company is building a road that charges electric vehicles in DetroitLater this year, Israeli company Electreon and Michigan will unveil a 1-mile stretch of road in Detroit that will allow drivers to charge EVs on the go.
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