Technology

Uber Posts Fourth-Quarter Loss of $1.1 Billion on Higher Sales

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narrowed its fourth-quarter loss to $1.1 billion from a loss of $1.46 billion in the previous quarter, a person familiar with the matter told Reuters.

Source: Reuters

Uber continued to boost ridership and revenue throughout last year, despite a punishing stretch that included a sexual harassment scandal, the resignation of its longtime chief and a blockbuster lawsuit from its primary rival in self-driving vehicles.

All Sources: Reuters Wall Street Journal

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