Monday, November 25

Tag: Uber

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Uber lost $ 6.8 billion in 2020, but it's good news for the company

Uber's revenue from passenger transfers fell compared to 2020. Photo: ROBYN BECK / AFP / Getty Images The company Uber lost a staggering $ 6 last year, 800 millions of dollars. And, although it may not seem like it, this is good news , according to CNN Business. Uber had in 2019 losses greater than $ 8, 500 millions of dollars. During the year of the pandemic, the company sold expensive companies, cut staff and focused on what its CEO called “ profitable growth “. With respect to last three months of 2020 , the company ensures that lost $ 968 million dollars . Losses include 236 million in stock-based compensation expenses, much lower than the nearly $ 1, 100 millions of the previous year. Chief Financial Officer Nelson Chai said in a statement that Uber remains "well...