[ad_1]
Uber Technologies recorded its largest quarterly loss ever recorded, affected by intense competition in Latin America and other countries, as well as by significant expenses in the introduction.
Uber, which operates in the transportation of pbadengers and goods via smartphone applications, lost $ 5.23 billion in the second quarter of this year, the Wall Street Journal reported on Thursday.
The company reported losses of $ 878 million in the same quarter of last year, according to the newspaper.
Uber's business figure increased only 14% to $ 3.17 billion in the second quarter ended June 30, the smallest quarterly increase ever recorded, and below expectations $ 3.3 billion in badysts.
Although the results show that Uber continues to expand its global business, it continues to face a growing number of competitors worldwide, resulting in further driving incentive losses.
[ad_2]
Source link
