Uber Steps on the Earnings Pedal

Say this much for the management team at Uber Technologies Inc.: They got the message.

The one-time poster child for Silicon Valley excess has had a rough reception since going public last May. That worsened after WeWork’s parent company pulled its own listing in September. The debacle effectively sent a signal that public investors had enough of cash-burning startups seeking monster valuations. Uber’s last quarterly report in November also marked a low point for the stock—31% below its IPO price at the time.

djtgallagher you know most of the rest of us have to be profitable earlier than 10 years after launching if we want out business to be viable but I guess tech just gets special treatment

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Uber beats on earnings as revenue growth accelerates, lost $8.5 billion last yearUber's revenue accelerated in the fourth quarter, and losses were smaller than expected.
Source: CNBC - 🏆 12. / 72 Read more »

Jobless claims, Uber earnings, Twitter also reports: 3 things to watch for ThursdayInvestors will monitor earnings reports from Uber and Twitter, as well as the latest weekly jobless claims number.
Source: CNBC - 🏆 12. / 72 Read more »

Founder of the Miss Black USA Pageant on 7 steps to achieve your goals - Business InsiderFocus on small, immediate steps you can take right now, today, with whatever resources you currently have, says founder and mentor Karen Arrington.
Source: BusinessInsider - 🏆 729. / 51 Read more »