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Uber Slowed As It Gears Up For IPO

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On Friday, Uber reported its loss dropped to $370 million last year from $4.5 billion in 2017. The company dramatically narrowed it loss last year, thanks to the sale of its businesses in Russia and Southeast Asia Uber's bottom line was boosted by the sale of two of businesses. The company's growth rate slowed dramatically in the fourth quarter. Sales grew just 2% from the third quarter and only 25% from the holiday period of 2017.

Added on the 15/02/2019 14:29:39 - Copyright : Wochit

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