Uber Freight Bulks up With $2B Transplace Buy
"This is an opportunity to create an an industry-first shipper-to-carrier platform," the head of Uber's delivery business says.
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.
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.
Lower-Than-Expected Loss Cheers Lyft Investors
“We are trying to drive profitable growth, not growth at all costs," CFO Brian Roberts says.
Lyft Posts $1.1B Net Loss, 95% Revenue Increase
The company' sees steady progress toward profitability after this year but revenue growth is expected to slow to 52% in 2019.
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.