Uber Limits Loss to $708 Million in First Quarter
Photo Uber stated it become still sitting on 7.2 billion in cash roughly the identical amount it held at the quit of 2016. Credit Eric Risberg/Associated Press Uber has spent billions to upend the transportation enterprise. Now at least for the moment it's miles burning barely much less cash in that attempt.The employer stated Wednesday that it misplaced 708 million over the primary 3 months of the 12 months on sales of three.Four billion now not counting expenses like worker stock compensation. That is a narrowing of the previous region s loss of 991 million on revenue of two.9 billion.Uber said it turned into still sitting on 7.2 billion in coins kind of the equal quantity it held at the end of 2016. These consequences reveal that our business stays healthy and resilient as we cognizance on improving our subculture management and dating with drivers an Uber spokesman stated in a statement. The narrowing of our losses within the first region puts us on a good trajectory towar...