Operations

Uber Officially Lost $2.8 Billion In 2016

Posted on April 14, 2017

Photo via Flickr user Silicon Prairie News
Uber hasn't been able to stop plowing through cash, and the ride-hailing company lost $2.8 billion in 2016, excluding its China business, according to newly-released numbers published in Bloomberg.

Business Insider article here

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

Comments ( 1 )
  • Anthony

     | about 3 years ago

    It lost 14% of what could have been its profit margin. You cant keep loosing money and call yourself a success. This ceo needs to go back and get a refund at his university for failing to teach him PROFIT MARGIN, PRICE POINT, ROI

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