Operations

Uber's Eye-Popping Losses Jump 61% In 2017

Posted on February 14, 2018
A quick settlement less than one week into the Uber-Waymo trial could undermine budding confidence in driverless cars among the American public.(Creative Commons file image)
A quick settlement less than one week into the Uber-Waymo trial could undermine budding confidence in driverless cars among the American public.(Creative Commons file image)

Uber lost $4.5 billion last year, up from $2.8 billion in 2016, according to figures first reported by The Information and confirmed by CNBC Feb. 13.

CNBC article here

If Uber went public, it would rank No. 367 on the Fortune 500. But most of the companies on the list make money. Not Uber. “There are few historical precedents for the scale of its loss.”

Fortune article here

Related: Uber-Waymo trial: The idea that one of the companies that has already deployed autonomous cars was actively seeking “shortcuts” and “cheat codes,” or are only “playing to win,” should scare the s*** out of everyone.

The Verge article here

Related Topics: driverless cars, finance, self-driving vehicles, TNCs, Uber

Comments ( 3 )
  • Anthony

     | about 9 months ago

    Its really a shame that this tech app could have been the greatest tech app With only 4% of drivers staying after 12 months it just shows what type of business model they are running The fake commericals are priceless....chilling, working, skiing These should be banned by the fcc due to the false earning ads that trick these poor people into thinking they will make $$$$$ Uber china failed Uber jets failed Uber inc failing,repeat,failing

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