Again, losses: the financial results of 2017 report that the Uber is losing money

The popular publication Bloomberg, referring to the official data of Uber Technologies, shared the financial results of 2017.

Another year

In 2017, Uber's revenue was $ 7.5 billion, with a net loss of $ 4.5 billion. In 2016, the company's revenue stood at around $ 6.5 billion, and losses reached $ 2.8 billion. In the Uber asset, there were 6 billion free money, which means that if the global taxi service in 2018 does not start to bring money, and management does not attract additional funding, then perhaps this year will be the last for the company.

Causes of financial failure

Over the past year, Uber has fallen into several high-profile scandals, including surveillance of users and competitors without their knowledge and a couple of sexual harassment among employees. This greatly influenced the value of the company's shares, and General Director Travis Kalanik left his post. He was replaced by Dara Khosrovshahi, who took the course to remedy the situation.

Source: Bloomberg