Uber posts US$50 billion in annual bookings as profit remains elusive ahead of IPO

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Uber posts US$50 billion in annual bookings as profit remains elusive ahead of IPO

Prepares to woo investors for public stock listings.

Uber Technologies Inc had US$50 billion in total bookings for its ride-service and food-delivery businesses last year, a testament to the size and global reach of the company as it prepares to woo investors in one of the biggest public stock listings to date. But figures released by the company ...

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