Economy

Uber's fourth-quarter loss narrows to $1.1 billion

Uber's fourth-quarter loss narrows to $1.1 billion

The latest financial report shows the company continues to increase its revenue while making progress on cutting its loss.

Gross revenue for Q4 sits at close to $11.1bn, an increase of close to $1.4bn over Q3 of 2017 and almost double that of the final quarter of 2016, which saw the company report $6.9bn in revenue.

Google and Uber were friendly rivals in the driverless-car industry, which is expected to grow to billions of dollars a year.

Manchester United's Jose Mourinho holds crisis talks with Paul Pogba
I think it happens with every team when the best players, the most crucial players, for some reason are not performing. The former Real Madrid boss, however, hit back at what he termed as " lies " regarding the France worldwide .

While the losses are significant, the results still are positive for Uber with revenue rising and losses falling in three of four quarters in 2017, said Rohit Kulkarni, managing director of SharesPost, a research group focused on privately held companies.

Mr Khosrowshahi, who was previously chief executive of Expedia, has increased financial discipline, hired a chief operating officer to cut costs and sold Uber's lossmaking car-leasing business.

Everything being said, but the courtroom has not yet been able to get the answer for the basic question associated with the tactics utilized by the organization extends to stealing the crucial information relating to the development of the self-driving auto technology.

Warren slams Trump for calling her Pocahontas
In November, the president memorably revived the " Pocahontas " nickname during a White House event to honor Navajo code talkers. And pain". "For far too long, your story has been pushed aside, to be trotted out only in cartoons and commercials", she said.

Waymo, a self-driving auto company owned by Google's parent company Alphabet, had accused Uber of stealing purported trade secrets relating to autonomous vehicle technology.

Uber is in the process of reducing its deficit but still managed to lose $1.1 billion in the fourth quarter of 2017, The Information reported earlier this week, citing data obtained from the company. The exact terms of the settlement have not yet been revealed to the public.

The investment served as a part of the firm's plan to reform its board structure, as it prepares to go public next year.

Jermaine Jenas reacts to Chelsea FC's 4-0 win over Hull City
Willian was the creator once more when Pedro passed up a huge chance as David Marshall got down well low to his left. Chelsea boss Antonio Conte is under increasing pressure, as the Blues form has been mixed in recent weeks.

Former Uber CEO Travis Kalanick leaves the Philip Burton Federal Building after testifying on day two of the trial between Waymo and Uber Technologies on February 6, 2018 in San Francisco, California. It was the first complete quarter with Dara Khosrowshahi at the helm, who took the reins of the troubled company during September of 2017. The position has been empty for many years now.


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