Uber losses $708 million in the first quarter of 2017 | Welcome to Linda Ikeji's Blog

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Friday, 2 June 2017

Uber losses $708 million in the first quarter of 2017

The Wall Street Journal last week reported that UBER didn't make profit in the first quarter of the year. Now the company has just confirmed that it indeed lost a whooping $708 million loss in the first three months of the year.
Despite the loss, Uber said it posted $3.4 billion in revenue, the company spokesperson said, 'these results demonstrate that our business remains healthy and resilient as we focus on improving our culture, management and relationship with drivers and Uber is on a good trajectory towards profitability'. Uber also said it's looking for a chief financial officer who has worked at a public company or experience taking a company public.

5 comments:

NaijaDeltaBabe said...

Hmmm


... Merited happiness

Vivian Reginalds said...

good for them
-D great anonymous now as Vivian Reginalds

dee boi said...

Lol... dee

Anonymous said...

Very poor customer services! Serves them right.

Damilare said...

Competition is aggressive in the taxi bussiness, Taxify is here too

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