Sunday, January 5, 2020

Uber Continues its String of Massive Losses in Q3 2019

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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Vivo Launches the Z1 Lite in China

Vivo has launched another mid-ranger alongside a rebranded Y93 in China. Called Z1 Lite, it looks quite similar to the V9 but with less im...