Uber losses widen after ramping up its spending

Uber Technologies Inc. said late Thursday that due to the COVID-19 pandemic it was withdrawing its 2020 guidance and warned that its net losses would widen by $1.9 billion to $2.2 billion due to investment impair.....»»

A big step toward profitability at Uber Technologies Inc (NYSE: UBER) and a stated interest at the company in ramping toward making money more quickly boosted the ride-hailing company's credibility on Wall Street, prompting sell-side analysts to.....»»

Uber Technologies, Inc. (NYSE: UBER) reported a net loss of $1.16 billion in the third quarter of 2019, ahead of the consensus expectation calling for a $1.5 billion loss. 0 read more.....»»

Lyft and Uber have been ramping up lobbying payments as proposed bills threaten their business models......»»

Wayfair Inc. shares take a 11.3% nosedive in Thursday trading after the company reports deeper-than-expected losses and skyrocketing advertising costs......»»

JetBlue’s new CEO Joanna Geraghty didn’t have great news to tell shareholders about her first quarter running the company......»»

A shareholder resolution asking Uber to be more transparent about its lobbying spending failed this week, but the investors who proposed it are vowing to keep pressure on the ride-hailing and delivery company......»»

Uber narrowed its net losses from $2.93 billion to $108 million, primarily due to a $1.6 billion benefit from the sale of its ATG self-driving unit......»»

Uber Technologies Inc. announced Wednesday it will spend $250 million on bonuses to lure drivers back to the platform as it gears up for increased ride-hailing demand......»»

"This is likely a temporary situation ... which means that over time earnings will come back to pre-Covid lev.....»»

Uber and Lyft have racked up tens of billions of dollars in losses, but cost-cutting and shifting focus from moving people to delivering food has helped them weather the pandemic downturn. Each could finally make a profit .....»»

Lyft's business has been hit harder by the pandemic than rival Uber, which has offset losses with its food-delivery business. Lyft went public in March 2019 at a price of $72 per share. Mario Tama/Getty Images Lyft on Tuesday reported $569.9 mi.....»»

Uber and Lyft spent record amounts on Washington lobbying in 2020, a year in which the ride-hailing companies had the attention of the U.S. Labor Department......»»

Investors will get several economic reports including jobless claims, income & spending and new home sales.....»»

After spending mi.....»»

Reuters / Valentyn Ogirenko Uber has made an offer to buy rival delivery service GrubHub, Bloomberg and the Wall Stree.....»»

Uber Technologies Inc.’s quarterly loss of nearly $3 billion didn’t do much to dent analysts’ enthusiasm for the ride-hailing stock as Uber’s management outlined plans to cut costs due to pressures from COVID-19......»»

Uber Technologies Inc(NYSE: UBER) reported quarterly losses of $1.70 per share on Thursday, which missed the analyst consensus estimate by 87 cents. read more.....»»

AP Photo/Mark.....»»

The losses are adding up for the city's once bustling tourism sector......»»