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Uber Lost More Than $800 Million In Third Quarter 2016: Bloomberg

Ron Burgundy

By Ron Burgundy,
in Tech News

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Ron Burgundy Omniscient Member

Ron Burgundy

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A photo illustration shows the Uber app logo displayed on a mobile telephone, as it is held up for a posed photograph in central London(Reuters) - Privately held ride-hailing company Uber Technologies Inc [uBER.UL] lost more than $800 million in the third quarter, Bloomberg reported on Monday. The company's $800 million in losses did not include its operations in China, Bloomberg said, citing a person it said was familiar with the matter. Uber generated about $1.7 billion in net revenue in the third quarter, up from $1.1 billion in the previous quarter, Bloomberg reported.




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