Uber shares tumble 5% on $1.16 billion quarterly loss

2019-11-04

Uber Technologies Inc. reported another mega-loss on Monday, but its chief executive said there is a light at the end of the profitability tunnel. The ride-hailing service  reported a third-quarter loss of $1.16 billion, or 68 cents a share, compared to a $986 million loss in the same quarter aRead More →

Uber earnings preview: Brace for more quarterly losses

2019-11-01

Uber Technologies Inc. took a significant detour on the road to profitability three months ago with a jaw-dropping $5.24 billion quarterly loss, deepening its losses to more than $6 billion this fiscal year. So when the ride-hailing service reports third-quarter financial results on Monday, investors and analysts are bracing forRead More →

Uber stock hit by executive shake-up a month after the IPO

2019-06-07

Shares of Uber Technologies Inc. fell more than 1% in the extended session Friday after Chief Executive Dara Khosrowshahi said in an email to employees the ride-hailing company’s chief operating officer and chief marketing officer are leaving. Khosrowshahi said in the email that he and COO Barney Harford had agreedRead More →