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Uber reports $1B loss as revenue rises
1:04 PM,
June 1, 2019
Abiodun Ogundairo
Business
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[vvideo code=”BAOKSK7O” autoplay=”yes”]
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Car sharing giant Uber has met its first-quarter forecast, with a loss of $1 billion but increasing revenue and users. The losses were the result of big spending in the lead-up to its IPO earlier in May.
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