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Auditing
Are Financially Constrained Firms Bad Audit Clients?
Audit assurance becomes more valuable for financially constrained businesses as they face operational and financial uncertainty.
By
Ahmet Kurt
| February 7, 2023
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Risk & Compliance
Gig Companies Push Mass. Ballot Initiative
The measure, modeled on California's Prop 22, "could make Massachusetts the epicenter for an expensive fight over the legal rights of gig workers."
By
Matthew Heller
| August 5, 2021
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M&A
Uber Buys Postmates in Food Delivery Bet
The $2.65 billion deal will expand Uber's delivery business as its core ride-sharing service sees "massive headwinds" due to COVID-19.
By
Matthew Heller
| July 6, 2020
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Technology
Uber Beats Estimates But Loss Widens to $1.16B
While Uber's Rides segment is profitable, it is spending heavily on new businesses such as Eats.
By
Matthew Heller
| November 5, 2019
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Strategy
Uber to Cut 435 Jobs as Streamlining Continues
"It’s critical we get our edge back and continually push ourselves to do better," Uber's CEO says.
By
Matthew Heller
| September 11, 2019
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Financial Performance
Uber Posts Record Loss, Sales Growth Slows
“What’s sapping investor confidence ... is the absence of a clear path to grow revenue and cut costs,” an analyst says.
By
Matthew Heller
| August 9, 2019
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The Deep Dive
Analysts Expect Uber IPO to Outperform Price Range
Despite weighty challenges, positive financial signals abound for the high-profile firm, and its still relatively new management team wins strong plaudits.
By
David McCann
| May 9, 2019
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IPOs
Uber Revs Up for Long-Awaited, $10 Billion IPO
The offering prospectus “renewed questions about how sustainable Uber’s business actually is," showing core revenue growth slowed to 39% last year.
By
Matthew Heller
| April 12, 2019
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M&A
Uber Makes Middle East Move With Careem Buy
The $3.1 billion deal "is an important moment for Uber as we continue to expand the strength of our platform around the world," its CEO says.
By
Matthew Heller
| March 26, 2019
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Financial Performance
Uber’s Spending on New Businesses Hits Profit
The company's Q3 net loss widened to $1.07 billion as it continued to expand its Uber Eats food delivery service and new transportation offerings.
By
Matthew Heller
| November 15, 2018
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People
Uber Hires Banking Exec Nelson Chai as CFO
Chai, who fills a position vacant since 2015, "has a year to turn Uber into a profitable company" ahead of a planned IPO.
By
Matthew Heller
| August 22, 2018
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Strategy
Uber Takes on Softbank as Investor, Eyes IPO
The Japanese conglomerate is leading an investor group that could put as much as $10 billion into Uber as it prepares for an IPO in 2019.
By
Matthew Heller
| November 13, 2017
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Strategy
Uber Scraps Money-Losing Leasing Business
Xchange Leasing turned out to be losing an average of $9,000 per car — 18 times what Uber had expected.
By
Matthew Heller
| September 28, 2017
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