Uber's quarterly loss widens as costs rise; shares fall

By Tina Bellon and Akanksha Rana on Nov 5, 2019 1:31PM

As it tries to outspend competitors through discounts.

Uber Technologies Inc on Monday posted a wider third-quarter loss as the company tries to outspend competitors through discounts and invests heavily in loss-making new business ventures, sending its shares down 5.5 percent in after-hours trading. Nevertheless, the company promised it would be ...

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