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Uber, Softbank, Investment, Funding News

Uber Lost $1.1Billion from Food Delivery & Driverless Cars

The ride-hailing giant lost $1.1 billion in the fourth quarter of 2019, about 24% more than the same time last year. The loss amounted to 64 cents per share, which was slightly better than what analysts were expecting. Analysts polled by FactSet predicted Uber would lose $1.18 billion, or 67 cents per share, during the quarter.

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