Uber posts $5.2 billion loss, slowest ever growth rate

Uber set two dubious quarterly records on Thursday as it reported its results — its largest-ever loss, exceeding $5 billion, and its slowest-ever revenue growth. Uber has been dogged by concerns about sluggish sales and whether it can make money, worries that were compounded by a disappointing IPO in May. For the second quarter, Uber said it lost $5.2 billion.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News
https://ift.tt/33omGQr