PDA

View Full Version : Uber Loses $1.27 Billion As Driver Subsidies and Competition Take Their Toll



EV Fan
08-26-2016, 10:00 AM
Uber lost $1.27 billion in the first half of 2016, with much of that coming from incentivizing drivers, unidentified sources told Bloomberg. On Friday of last week, Uber’s head of finance, Guatam Gupta, gave a financial report during a conference call. While not a public company, ride-hailing and ridesharing giant Uber has been holding financial […]
The post Uber Loses $1.27 Billion As Driver Subsidies and Competition Take Their Toll (http://www.hybridcars.com/uber-loses-1-27-billion-as-driver-subsidies-and-competition-take-their-toll/) appeared first on HybridCars.com (http://www.hybridcars.com).


More... (http://www.hybridcars.com/uber-loses-1-27-billion-as-driver-subsidies-and-competition-take-their-toll/)