Category: profitable

Uber expects to be profitable by the end of 2020

[ad_1] In 2019, Uber lost a whopping $8.5 billion, though nearly half of that ($4.6 billion) includes stock-based compensation expenses related to the company’s IPO. Meanwhile, both trips and gross bookings increased by just over 30 percent compared to 2018, and the company’s revenue reached $14.1 billion. Uber expects earnings in the beginning of 2020 […]