Uber is still burning cash at an alarming rate

Uber for the third quarter of 2019 reported revenue of $3.8 billion, an increase of 30 percent year-over-year, as gross bookings climbed 29 percent to $16.5 billion. Trips were also on the rise, from 1.3 billion in the year-ago period to 1.8 billion through the three-month period ending September 30 – an increase of 31 percent.





from TechSpot
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