Uber heavily subsidising its rides

Uber made a loss of $1.8 billion on revenues of $11.3 billion in 2018 with half of the loss incurred in Q4. The $1.8 billion full-year loss was an improvement on 2017’s full-year loss of $2.2 billion. Uber’s 2018 revenues were 43% up on 2017’s revenues. Q4 bookings of $14.2 billion were up 11% on ...

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