Uber just announced a new goal of hitting profitability by the end of 2020. djtgallagher explains why this acceleration will be a challenge. WSJWhatsNow
Say this much for the management team at Uber Technologies Inc.: They got the message.
The one-time poster child for Silicon Valley excess has had a rough reception since going public last May. That worsened after WeWork’s parent company pulled its own listing in September. The debacle effectively sent a signal that public investors had enough of cash-burning startups seeking monster valuations. Uber’s last quarterly report in November also marked a low point for the stock—31% below its IPO price at the time.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Uber beats on earnings as revenue growth accelerates, lost $8.5 billion last yearUber's revenue accelerated in the fourth quarter, and losses were smaller than expected.
Read more »
Jobless claims, Uber earnings, Twitter also reports: 3 things to watch for ThursdayInvestors will monitor earnings reports from Uber and Twitter, as well as the latest weekly jobless claims number.
Read more »
U.S. steps up warnings on Russia over Syria's Idlib, military de-conflictionThe United States on Wednesday stepped up warnings to Russia over its Syria poli...
Read more »
LinkedIn CEO Steps Down To Focus On Increasing Network DiversityLinkedIn CEO Jeff Weiner is stepping down from the helm of the social-networking company and will be focusing on diversity and inclusion in the LinkedIn networks. Weiner calls the lack of diversity “the network gap,” and he has a vision for how to reduce it.
Read more »
Founder of the Miss Black USA Pageant on 7 steps to achieve your goals - Business InsiderFocus on small, immediate steps you can take right now, today, with whatever resources you currently have, says founder and mentor Karen Arrington.
Read more »