Uber’s Wheels Are Coming Off amid a $1 Billion Loss

Uber lost a billion dollars in the last quarter, but there is still some decent growth in its business. The problem is Uber won’t make money for a while. | Source: Shutterstock Mega-unicorn Uber reported earnings, or rather losses, on Thursday that demonstrate why hype doesn’t always work in a company’s favor. Let’s hit the headline numbers and explain what they mean for Uber’s stock. Solid Growth Across the Board Just like its rival, Lyft, Uber saw a significant increase in gross bookings. That metric was up 31% to $15.76 billion….

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