Operations

Uber Officially Lost $2.8 Billion In 2016

Posted on April 14, 2017

Photo via Flickr user Silicon Prairie News
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 2 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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