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

By Tina Bellon and Akanksha Rana

Aug 5 2021 1:30PM

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 ...

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