UBER COULD LOSE ALMOST $3 BILLION THIS YEAR

Publication: Vanity Fair,

Uber, whose $68 billion valuation makes it the world’s most valuable private company, has plenty of cash to burn. But its losses are continuing to grow, according to new reports from the Information and Bloomberg, which both say Uber’s losses exceeded $800 million in the third quarter of 2016. By the Information’s count, Uber is on track to lose $2.8 billion in 2016 total. In August, Bloomberg reported Uber had lost at least $1.27 billion in the first six months of 2016.

To read the article click here