Uber hopes to hail new era of stability after a wild 10-year ride
by Gwyn Topham Transport correspondent from Technology | The Guardian on (#658RF)
If this week's results show a profit like last quarter's, the company may at last be on the road to respectability
It has 120 million customers, takes $10bn worth of bookings a month, and, it transpired this year, more or less had the French president on speed-dial, doing its bidding. But can Uber turn a profit?
The San Francisco-based ride-hailing giant squealed into free cash flow", as it puts it, in the last quarter, after racking up $23bn (20bn) in losses in its first heady decade or so. On Tuesday, investors will see if it can repeat the trick in its third-quarter results.
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