Uber Reveals $470 Million In Losses Over Fancy Financing

Posted on July 1, 2015
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

Related Topics: capital, finance, profits, revenues, TNCs, Uber

Comments ( 1 )
  • Chuck Cotton

     | about 5 years ago

    Security fraud at its highest is the issue. Recently, Uber refiled its Delaware certificate of Incorporation and its articles. In Article IV, is a list of the stock issues, convertible debt, convertible bond, series funding, private funding and many other gimmick offerings. All in which are so layered, no CPA firm or Securities law firm could ever certify and Uber IPO registration and prospectus. Mass confusion is Uber' strategy from inception to any one or anything in its path. Uber and Travis Kalanick can not give any straight number or disclosure to any one. Zero integrity and credibility surround them more and more. No more seals of the fraudulent insurance policy or their requested confidential version of its responses to the CA-PUC Rulemaking 12-12-001. UBER CORRUPTION IS BEING EXPOSED.

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