Uber Back to Losing Money as Revenue Slows

Uber Back to Losing Money as Revenue Slows

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Business

University

Hard

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Uber reported a loss of $891 million in the second quarter, with revenue growth slowing from 70% to 63%. Despite aggressive investments in areas like self-driving cars and food delivery, Uber's main business growth is decelerating. The company, which is privately held, shares selective financial results. Uber Eats is growing rapidly, potentially masking declines in ride-sharing. Uber's global footprint is limited after selling businesses in Southeast Asia, Russia, and China, though it retains stakes in these regions.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was Uber's loss in the second quarter of the year?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How did Uber's revenue growth change from the last quarter to this quarter?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What initiatives is Uber's CEO investing in?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What impact might growth in Uber Eats have on the ride-sharing business?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

How has Uber's global footprint changed due to its business sales?

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