Despite Uber’s claims that 2019 will be its peak investment year, and
the company’s losses will see a massive decline, it has still reported
steep losses for the quarter. However, overall revenue growth looks
promising.
The ride-hailing company reported a net loss of $1.2 billion for the third quarter of 2019, ending on 30th
September. Even though the company faced a massive loss, it is not as
bad as the $5.2 million loss faced by Uber in the same quarter last
year.
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