Friday, May 31, 2019

Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%

Uber Technologies Inc reported a $1 billion loss in its first quarterly report as a public company on Thursday, despite a 20 percent rise in revenue, posting results in line with its forecasts but underscoring the challenges the ride-hailing service faces to become profitable one day.


from Reuters: Technology News https://reut.rs/2ws1fyv

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AI risks spark 30% surge in India cybersecurity spends as enterprises ramp up defences

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