Losses at the ride-sharing company Uber widened by 61 per cent to $4.5 billion past year but narrowed in the final quarter in a boost for its new chief executive.
The full-year loss grew from $2.8 billion in 2016, a year with results skewed by a gain from the sale of Uber's unprofitable business in China.
Uber CEO Dara Khosrowshahi says he believes the ride-hailing service can still become a beloved brand despite a wave of damaging revelations about its treatment of employees, drivers, regulators and rivals.
Gross revenue for Q4 sits at close to $11.1bn, an increase of close to $1.4bn over Q3 of 2017 and almost double that of the final quarter of 2016, which saw the company report $6.9bn in revenue.
Remaining a private company, Uber is not legally required to present its quarterly figures, but it has begun disclosing some earnings information in recent months.
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The bug is exploited by sending a Telugu (Indian language) character to devices which immediately crash when they try to load it. The Guardian reported that Telugu is spoken by at least 80 million people in India and elsewhere combined.
However, Uber lost US$1.1 billion in the final quarter of 2017 as compared with US$1.46 billion in the preceeding quarter as revenue rose.
Uber's loss was mainly based on accepted accounting standards, which includes write-downs and significant legal expenses. The fourth-quarter adjusted loss was $475 million, down from $606 million to in the third quarter.
Waymo and Uber last week announced a settlement in a blockbuster lawsuit over allegedly stolen trade secrets from the former Google self-driving vehicle project. Less than a week into the trial, Uber agreed to give Alphabet shares worth $245 million along with words of "regret" that stopped short of admitting guilt. It's been two days for the courtroom war and allegations fight happening between Waymo and Uber and the portrayal of the ride-hailing company is more or less of a greedy and aggressive company who would do anything to win the race including unethical practices like stealing the trade secrets from their competitors.
The CEO is scheduled to speak Wednesday at a Goldman Sachs Group technology conference in San Francisco, as is Bill Gurley, a former board member who helped lead the ouster of Khosrowshahi's predecessor, Travis Kalanick.
While cities ran into problems with bikes getting hacked and left in random places around the city, Andrew Salzberg, Uber's head of transportation policy and research, told TechCrunch last month that the company had eyed biking for a while.