c-uber-RTS1HPRC-Paulo Whitaker

Uber has burned through $10.7 billion of investors’ money

$10.7 billion

Uber has spent $10.7 billion of the $17.3 billion it received from investors in the nine years since it was founded, according to a Bloomberg analysis.

Published   |  Photo by Reuters/Paulo Whitaker
c-uber-RTS1HPRC-Paulo Whitaker
$10.7 billion

When justifying losses, investors often point to Uber’s global reach and to its growing revenue though it kept only $7.4 billion of the $37 billion in 2017 gross ride receipts.

c-uber-RTS1HPRC-Paulo Whitaker
$10.7 billion

Though Uber still has to turn a profit, it did managed to reduce its staggering losses in the fourth quarter, the first complete period under CEO Dara Khosrowshahi.

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