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

By
Follow google news

Loss widens by nearly US$150m.

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

Hi! You've reached one of our premium articles. This is available exclusively to subscribers.

It's free to register, and only takes a few minutes.

Once you sign up you'll have unlimited access to the full catalogue of Australia's best business IT content, as well as a daily news bulletin delivered straight to your inbox.

Register now
Got a news tip for our journalists? Share it with us anonymously here.
Tags:

Most Read Articles

Defence's VMware contract climbs to $178m

Defence's VMware contract climbs to $178m

Apple, Google strike Gemini deal for revamped Siri

Apple, Google strike Gemini deal for revamped Siri

India proposes forcing smartphone makers to give source code

India proposes forcing smartphone makers to give source code

China is closing in on US technology lead despite constraints

China is closing in on US technology lead despite constraints

Log In

  |  Forgot your password?