— lost that much money in all of 2018. Uber attributed most of its quarterly deficit to stock-based compensation. Excluding that expense, Uber's losses were around $1.3 billion, or roughly 30% wider than the prior period.
High stock-related compensation costs are normal for Silicon Valley companies as a price of luring top talent.Apple CEO Tim Cook introduces Apple Card during a launch event at Apple headquarters on March 25, 2019, in Cupertino, California.
Why is CNBC raising sentiments of recession? This is not productive. 2nd Q earnings were positive, unemployment low and inflation in check. Change your voice CNBC!
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Options traders are betting on an Uber surprise to the upside on earningsOptions traders are betting on Uber to follow in Lyft's footsteps when it reports earnings Thursday afternoon. Uh-oh. Look out below. Uber shares -11% after hours. Big miss. EarningsSeason Uber .Uber
Source: CNBC - 🏆 12. / 72 Read more »
Market relief; Lyft and Uber; Oil boostToday's top business headlines: - Markets could face another 'bearish black hole' - Equinox owner's planned Trump fundraiser causes outrage - FedEx will no longer offer ground delivery to Amazon - Walgreens to close 200 locations in the US I love CNN news ❤😘 Glad to see Walgreens tailing. Should have been more like CVS and focused on health, the profits will follow, instead they as a health store continued to sell stuff that’s horrible for you. What hell, FedEx? But no, really, why? O_o
Source: CNN - 🏆 4. / 95 Read more »