Uber posts US$509m adjusted loss on driver incentives even as trips rise

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Uber posts US$509m adjusted loss on driver incentives even as trips rise

Loss widens by nearly US$150m.

Uber on Wednesday reported widening losses as it spent more to entice drivers to return to its platform, sending shares of the ride-hail and food delivery company down in after-hours trade. Investors sold the shares despite Uber management's assurances that the company can deliver a sharp ...

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