Crypto EcoBlog
CoinspeakerUber Shares Plummet over 5% Following Q2 2023 Operating Earnings Report Uber reported record profits and milestones in the second quarter of 2023, with significant improvements in earnings per share, operating income, and EBITDA, as well as a substantial increase in trips and food delivery orders. Uber Shares Plummet over 5% Following Q2 2023 Operating Earnings Report
Read More »Uber to Offload Uber Eats India to Zomato as It Aggressively Cuts Losses
Uber is reportedly very close to selling off its Uber Eats food delivery business in India. According to a TechCrunch report citing three people familiar with the matter, Uber is at the final stages of negotiations with Indian rival company, Zomato. If negotiations are successful, Zomato will take it over.Valued at more than $2 billion, Zomato is easily one of the largest food delivery businesses in India and hasn’t made it very easy for Uber Eats since the latter launched in May 2017. The...
Read More »Uber Stock Tumbles as Company Reports over $1 Billion in Losses
Apart from the popularity of its ride-hailing services, Uber is also very well-known as a market player all over the world and especially in the finance sphere for its continuous and rising loss over the years. Recently the company announced a report for its just-ended 3rd quarter which surpassed estimates predicted by financial analysts. However, Uber’s stock (now it’s trading at approximately $31) still lost up to 5% as the company still announced that it had lost well more than $1...
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