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Uber revenue up 61%, but reports $4.5 billion loss (Bloomberg)

February 14, 2018

Human cloud, ride-sharing firm Uber Technologies reported adjusted net revenue rose 61% year over year in the last quarter to $2.22 billion on sales of $7.5 billion, Bloomberg reported. However, the company posted a loss of $4.5 billion. Uber CEO Dara Khosrowshahi was scheduled to speak today at a Goldman Sachs Group tech conference in San Francisco.