Travis Kalanick, CEO of Uber, has been doing a lot of explaining in the past year amid many missteps. A leaked document shows $470 million in operating losses for the company, valued at more than $40 billion.
Uber Technologies Inc. is telling prospective investors that it generates $470 million in operating losses on $415 million in revenue, according to a document provided to prospective investors.
Bloomberg Business article here
Related Bloomberg article: Uber Compared To Amazon As Growth Trumps Profit