Uber loses $1 billion in quarter as costs grow for drivers, food delivery
https://www.reuters.com/article/us-uber-results/uber-loses-1-billion-in-quarter-as-costs-grow-for-drivers-food-delivery-idUSKCN1T02F0
Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company.
