Saturday, February 16, 2019

Uber posts $50 billion in annual bookings as profit remains elusive ahead of IPO

Uber's full-year revenue for 2018 was $11.3 billion, up 43% from the prior year. Its losses before taxes, depreciation and other expenses were $1.8 billion, an improvement over the $2.2 billion loss posted in 2017. http://bit.ly/2EcAYcs https://ift.tt/eA8V8J

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Sources: SoftBank halts talks about a ~$50B acquisition of US data center operator Switch, a setback to Masayoshi Son's goal to roll out Stargate infrastructure (Bloomberg)

Bloomberg : Sources: SoftBank halts talks about a ~$50B acquisition of US data center operator Switch, a setback to Masayoshi Son's g...