Uber still chasing profitability as losses top $1bn

Even as a New York Stock Exchange listed company, Uber is still losing money. Despite providing the equivalent of 17 million trips around the world daily, the biggest ride-sharing platform on the planet is still losing money. Shares of Uber Technologies Inc, the parent company of Uber, remained mostly flat after markets in New York City closed on Thursday. The ride-sharing giant – based in San Francisco in the United States – announced net losses of more than $1bn in its first earnings report since becoming a publicly traded company.…

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