Uber Lost $1.8 Billion in 2018 Despite Record Ride-Hailing, Food-Delivery Gains

That’s bad news for the company as it heads toward an initial public offering.

Uber posted $50 billion in bookings for its ride-hailing and food-delivery services in 2018. However, the company still failed to turn a profit and its revenue growth slowed toward the end of last year, reports Reuters. That’s bad news for Uber as the company looks to charm investors into an initial public offering (IPO) later this year.

http://www.thedrive.com/news/26514/uber-lost-1-8-billion-in-2018-despite-record-ride-hailing-food-delivery-gains

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