Did you know that Uber lost $5.2 billion after IPO?

August 9, 2019

Uber posts $5.2bn loss disappointing investors with results showing a hit in its earnings from its initial public offering exercise. Its largest quarterly loss ever, fueled mostly by $3.9 billion in stock-based compensation expenses related to the IPO. Even by Uber’s standards, this is a big burn for its business which is also facing stiffer competition […]

Read More