Uber loses more than $1bn in first quarterly report since IPO

The Guardian ---------- Uber lost more than $1bn in the first three months of the year, the ride-sharing company announced on Thursday. Releasing its first quarterly report since it became a public company, Uber said it now had 93 million customers who are active on a monthly basis, 33% higher than the same period last year. The company’s revenues were $3.1bn for the three months, 20% higher but slower than the 25% annual growth Uber recorded in the prior quarter. To learn more click on the picture below to read the article.