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Uber Profitable Ahead Of IPO

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Reuters reports that Uber Technologies Inc had $50 billion in total bookings for its ride-service and food-delivery businesses last year. The profits are a testament to the size and global reach of the company. Uber is preparing to woo investors in one of the biggest public stock listings to date. Figures released by the company on Friday showed revenue grew just 2 percent in the fourth quarter. That's a sign that Uber continues to heavily subsidize rides in competitive markets. The number also raise questions about Uber's future growth prospects.

Added on the 15/02/2019 13:34:21 - Copyright : Wochit

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