Friday, 28 January 2022

Tag Archives: Lyft

Uber Technologies Inc reported a $5.2 billion loss

NEW YORK: Uber Technologies Inc reported a $5.2 billion loss and revenue that fell short of Wall Street targets on Thursday as growth in its core ride-hailing business slowed, sending its shares down 6%. Uber’s net loss, up from a loss of $878 million a year earlier, reflected $3.9 billion ...

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Uber posts $1 bn loss in Q1 on growing revenue

SAN FRANCISCO: Ride share giant Uber reported a $1 billion loss in the first quarter of this year despite rising revenue and monthly users. In its first earnings report as a publicly traded company, Uber said revenue climbed 20 percent to $3.1 billion from the same quarter last year, but ...

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Google puts Uber on alert by investing in arch-rival Lyft

LONDON: Alphabet’s growth-stage investment division, CapitalG, will lead the the investment, which comes four years after Google Ventures, which targets early stage companies, made a $250m investment in Uber. Lyft only operates in the US, but it now has a quarter of the market there, growing its share as Uber ...

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