Article 658RF Uber hopes to hail new era of stability after a wild 10-year ride

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.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://www.theguardian.com/technology/rss
Feed Title Technology | The Guardian
Feed Link https://www.theguardian.com/us/technology
Feed Copyright Guardian News and Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments