Home Headlines Uber loses US$1B in first post-IPO quarter as revenue rises 20 per cent

Uber loses US$1B in first post-IPO quarter as revenue rises 20 per cent

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Uber loses US$1B in first post-IPO quarter as revenue rises 20 per cent

SAN FRANCISCO/BENGALURU — Uber Technologies Inc reported a US$1 billion loss in its first quarterly report as a public company on Thursday, despite a 20 per cent rise in revenue, posting results in line with its forecasts but underscoring the challenges the r…
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