The ride-hailing service, said on Friday that its gross bookings — or the amount of money it garnered
RisingWorld
2017-04-15
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The ride-hailing service, said on Friday that its gross bookings — or the amount of money it garnered
from providing rides, excluding costs — rose to $20 billion in 2016, double the amount in 2015.
Uber, which has regularly raised money from venture capital firms
and increasingly from large institutional investors like Saudi Arabia’s Public Investment Fund, said it still holds $7 billion in cash, with a $2.3 billion credit facility it has not tapped.
Amid Questions Over Its Culture, Uber Discloses Robust Financial Figures -
By MIKE ISAACAPRIL 14, 2017
SAN FRANCISCO — Uber’s corporate culture has been under fire.
Last year, its adjusted net loss totaled $2.8 billion, excluding the cost of its Chinese subsidiary, Uber China.
from providing rides, excluding costs — rose to $20 billion in 2016, double the amount in 2015.
Uber, which has regularly raised money from venture capital firms
and increasingly from large institutional investors like Saudi Arabia’s Public Investment Fund, said it still holds $7 billion in cash, with a $2.3 billion credit facility it has not tapped.
Amid Questions Over Its Culture, Uber Discloses Robust Financial Figures -
By MIKE ISAACAPRIL 14, 2017
SAN FRANCISCO — Uber’s corporate culture has been under fire.
Last year, its adjusted net loss totaled $2.8 billion, excluding the cost of its Chinese subsidiary, Uber China.
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