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Leaked finances show possible Uber profit (Business Insider)

February 28, 2017

Business Insider reported revenue at human cloud firm Uber is growing aggressively — if leaks are to be believed — although growth in total business transacted on the Uber app began slowing down late last year. Gross bookings were $5.4 billion last year and net revenues — the cut that Uber keeps from each trip fare — also continue to grow healthily, reaching $1.7 billion in Q4 2016. In separate news, Uber’s senior VP of engineering, Amit Singhal, is leaving the company after it was discovered there were sexual-harassment allegations against him at his previous job at Google that he did not disclose when he was hired.