Pummeled by scandal, Uber hit with $4.46B in losses during 2017
Pummeled by scandal, Uber hit with $4.46B in losses during 2017
A teen's grandmother found his semiautomatic rifle along with plans to shoot up a school
15 February, 2018, 16:38
Last month, ride-hailing group agreed to sell $10 billion of its stock to a consortium led by Japan's internet giant SoftBank Group Corp. recently for a 15 percent stake, making it the Uber's largest shareholder.
However, the company still lost 61 percent to $4.5 billion for all of 2017, more than the $2.8 billion in 2016. There are few historical precedents for the scale of its loss.
Net revenue grew to $2.22 billion from $1.38 billion in the same quarter-over-quarter comparison.
Waymo and Uber last week announced a settlement in a blockbuster lawsuit over allegedly stolen trade secrets from the former Google self-driving auto project. But US District Judge William Alsup had refused to allow Waymo to use that figure in the trial. Despite the turbulent 12 months, the sales revenue reached 7.5 billion United States dollars.
Fourth-quarter bookings rose by 14 percent to $11.1 billion.
Uber isn't publicly traded but has chosen to release select financial information to investors and the public in recent quarters.
Solar Eclipse 2018 today: Time, location and where to see it
Those in the south of Rio Gallegos and in Falkland Islands too would be able to witness the Solar Eclipse February 15, 2018. And depending on just how far the moon is from the node, the moon will dip partly or completely into the Earth's shadow.
Blood test detects concussion related brain damage
The test can help doctors identify which patients would require computed tomography (CT) scan to check if they have brain damage . It could rule out the need for a CT scan in at least one-third of those suspected of having a concussion, the FDA said.
Uber also said it has roughly $6 billion in cash - including $1.4 billion in money set aside for potential insurance claims - at the end of 2017, compared with $6.9 billion in cash at the end of 2016.After years of losing money, Uber is inching toward profitability.
On Wednesday the Uber CEO will speak at a technology conference hosted by Goldman Sachs in San Francisco.
The changes included selling Uber's unprofitable car-leasing business and appointing a chief operating officer, who is required to cut costs and establish more standardization across 80 countries that the firm operates in.
The job is proving to be even more hard than Khosrowshahi anticipated five months ago after Uber lured him away from online travel agency Expedia (EXPE) to replace its embattled co-founder, Travis Kalanick, as CEO.
Khosrowshahi said previously he wants to take the company public by 2019, which means Uber eventually will have to pull back the curtain on details of its financial performance. The position has been empty for many years now.
Core CPI is projected by consensus to rise 0.2% in January following a similarly sized increase in December. Expectations of higher interest rates globally are not simply a hypothesis on the part of investors.
Adding further, he hoped that the success of Black Panther will stop Hollywood from saying "well, your movies don't travel". Well, isn't that Kattappa for you? There are two scenes at the end of the film, one mid-credits and one at the very end.
Romney has not faced the media during that time, and has deflected questions about running when reporters have caught up to him. Senate seat representing Utah and plans to announce his bid online on Thursday, multiple sources reported Wednesday.
If the marks don't go away, the company suggests, "wiping the surface gently with a soft damp or dry cloth may remove the marks". Unlike some smart speakers, which look a bit like glorified Pringles cans, the HomePod is large, sleek, and gorgeous.
Some of you already know and may have been able to play the game in first-person by enabling the console . The update is available today for the PlayStation 4, Windows PC and Xbox One versions of the game.
Pennsylvania-based Commonwealth Of Pennsylvania Pub School Empls Retrmt Sys has invested 0.01% in Eaton Vance Corp. Pekin Singer Strauss Asset Management Il holds 0.01% of its portfolio in CytRx Corporation for 67,555 shares.
Off the ensuing faceoff, the puck wound up in the skates of two Russian players and she poked it away to give herself a breakaway. US coach Robb Stauber rotated his goalies, putting Hensley in net after playing Maddie Rooney in a 3-1 opening win over Finland.
Cyprus says a Turkish notice blocking off the area for military activity violates worldwide law and is legally invalid. Cyprus has accused Turkey of obstructing a drilling rig from reaching an exploration area in the east Mediterranean.
While not an official "beta", players are encouraged to log in and help stress test the game's servers before launch on March 20. This scale test's goal is to try out the work that has been done on the game since the popular beta ended in January.
A profusely bleeding Sibi was rushed to the Kozhikode Medical College Hospital where she had to undergo an abortion. She said the police refused to lodge their complaint the first time they approached them due to political pressure.
It ain't gonna be easy - Miami is now the 8th seed in the Eastern Conference, but they've lost 7 outta their last 10 games. The last time these two teams met back on January 9, the Heat managed to win in stunning fashion with a last-second shot.
Hazard: Chelsea need to finish in the top four
We have three months to play until the end of the season and we have to give everything to reach our targets. West Brom only had themselves to blame for not getting back into the game early in the second period.
North Korea Leaves the South to Pick Up Its Olympics Tab
The New York Times reports that they are escorted by North Korean minders at all times - even for bathroom breaks. In Pyeongchang, the cheerleaders have been singing pop songs and performing patriotic and encouraging chants.
India's banks rattled by $1.8 billion fraud
Earlier today, the Enforcement Directorate (ED) registered a money laundering case against Nirav Modi and his relatives along. Modi, his wife, brother and Choksi are partners in these three firms, the CBI FIR said.
Raiders inform Sebastian Janikowski he won't be brought back
Last season, Janikowski agreed to take a million-dollar pay cut and then dealt with a back issue which cost him the entire season. Janikowski was drafted by the Raiders from Florida State in the first round in 2000, during Gruden's first stint as head coach.
An Idiot's Guide to Valentine's Day
Hand out little Valentine's Day cards or make homemade gifts and treats and pass them out to your classmates and friends. Being single on Valentine's Day is okay, there are alternative ways you can spend the day without a significant other.
Amazon Reportedly Designing Its Own AI Chips
Amazon acquired Blink late past year , a maker of affordable, easy to use security cameras powered by AA batteries. In the short term, Amazon's assistant would be able to respond to many requests much faster than it now does.
Pochettino thrilled with Spurs' response
In a passionate speech after the match, Juventus coach Massimiliano Allegri warned against an overly critical reaction. Spurs were getting closer and got back into the match 10 minutes from halftime.