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Uber's Financials, Layoffs, Rider Tool Suggest More Trouble

News Reports
Posted on February 26, 2020
And the troubles keep coming... (Photo Credit: www.quotecatalog.com)

And the troubles keep coming... (Photo Credit: www.quotecatalog.com)

Earlier this month, Uber reported its 2019 fourth-quarter earnings, with a net loss of $1.1 billion, marking a slight improvement on the previous quarter. CEO Dara Khosrowshahi made headlines by telling investors the company nevertheless plans to be profitable in 2021, if not sooner. Industry analysts and media outlets have been skeptical of this plan, however, given Uber’s ongoing struggles with U.S. and international regulators, drivers’ groups, and its own spending habits.

Forbes article here

Related Topics: finance, revenues, TNCs, Uber

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