Uber lost $2.8 billion last year
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Uber lost $2.8 billion last year
http://money.cnn.com/2017/04/14/tech...als/index.html
Uber's gross bookings for 2016 hit $20 billion, more than doubling from the year prior, according to financial figures the company provided to Bloomberg. Its net revenue, after drivers took their cut, totaled $6.5 billion for the year. But that rapid growth came at a cost. Uber says it lost $2.8 billion in 2016.
They may be losing money on every sale but they're making up for it in volume!
Uber's gross bookings for 2016 hit $20 billion, more than doubling from the year prior, according to financial figures the company provided to Bloomberg. Its net revenue, after drivers took their cut, totaled $6.5 billion for the year. But that rapid growth came at a cost. Uber says it lost $2.8 billion in 2016.
They may be losing money on every sale but they're making up for it in volume!