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Director / Editor: Victor Teboul, Ph.D.
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Uber's Losses Continue Ahead of IPO

The ride-sharing and delivery company Uber continues to lose money, with growth slowing as it prepares to go public some time next year. The San Francisco-based company announced it lost just over $1 billion from July through September, a 20 percent increase from the previous quarter. Uber's revenue rose 38 percent in the third quarter from a year ago to $2.95 billion, down from a gain of 51 percent in the second quarter. Uber is seeking to expand in freight hauling, food...


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