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 ...

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

Already have an account? Log in to read this article.

Got a news tip for our journalists? Share it with us anonymously here.

© 2019 Thomson Reuters. Click for Restrictions.

Tags:

networking software uber

Partner Content

Security "mindset shift" needed to protect organisations

Promoted Content Security "mindset shift" needed to protect organisations

The Great Resignation has intensified insider security threats

Promoted Content The Great Resignation has intensified insider security threats

Accenture and Google Cloud team up to create a loveable, Australian-first, renewable energy product

Promoted Content Accenture and Google Cloud team up to create a loveable, Australian-first, renewable energy product

Avoiding CAPEX by making on-premise IT more cloud-like

Promoted Content Avoiding CAPEX by making on-premise IT more cloud-like

Sponsored Whitepapers

Extracting the value of data using Unified Observability

Extracting the value of data using Unified Observability

Planning before the breach: You can’t protect what you can’t see

Planning before the breach: You can’t protect what you can’t see

Beyond FTP: Securing and Managing File Transfers

Beyond FTP: Securing and Managing File Transfers

NextGen Security Operations: A Roadmap for the Future

NextGen Security Operations: A Roadmap for the Future

Video: Watch Juniper talk about its Aston Martin partnership

Video: Watch Juniper talk about its Aston Martin partnership

Events

Most Read Articles

Qantas calls time on IBM, Fujitsu in tech modernisation

Qantas calls time on IBM, Fujitsu in tech modernisation

Service NSW hits digital services goal two years early

Service NSW hits digital services goal two years early

SA Police ignores Adelaide council plea for facial recognition ban on CCTV

SA Police ignores Adelaide council plea for facial recognition ban on CCTV

NBN Co says TPG tie-up could help Telstra sidestep spectrum limits

NBN Co says TPG tie-up could help Telstra sidestep spectrum limits

Digital Nation

COVER STORY: Operationalising net zero through the power of IoT

COVER STORY: Operationalising net zero through the power of IoT

IBM global chief data officer on the rise of the number crunchers

IBM global chief data officer on the rise of the number crunchers

Crypto experts optimistic about future of Bitcoin: Block

Crypto experts optimistic about future of Bitcoin: Block

The security threat of quantum computing

The security threat of quantum computing

Integrity, ethics and board decisions in the digital age

Integrity, ethics and board decisions in the digital age