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Uber’s quarterly losses jumped nearly 40 percent to $1.46B
- elvinyung 9y agoChoice snippets: > “The U.S. is very, very competitive right now between us and Lyft, so I don’t see the U.S. as being a particularly profitable market for the next six months,” Khosrowshahi said. (Recall that previously, Travis said that Uber was profitable in the US [1].) > The company’s net revenue for the third quarter was $2 billion, up from $1.66 billion in the previous quarter. Which means that net revenue grew only about 20% in Q3. [1] http://fortune.com/2016/02/18/uber-profitable-us/ http://fortune.com/2016/02/18/uber-profitable-us/
- malandrew 9y agoIIRC they also increased the salary for many employees to make sure pay was fair across the company.