RIDE-SHARE company Uber said yesterday its net loss topped US$1 billion (RM4.2 billion) in the recently ended quarter as it pumped money into bikes, scooters, freight and food delivery.
Uber Technologies posted a more than US$1 billion loss in the three months to September as the company continued to invest in new business segments such as freight and food delivery and electric bikes and scooters.
It also had $1.54 billion in cash and equivalents.
Those gains, however, reflected a slowdown when compared the third quarter of past year, when Uber's revenue was up 38 percent and gross bookings rose 34 percent.
Uber has also expanded its services beyond auto rides to freight hauling, delivering food, and sharing scooters or bicycles.
‘Rabid’ raccoons turn out to be drunk on fermented crabapples
And in 2014, a squirrel went viral after gorging itself on too many fermented crab apples, much like the raccoon in West Virginia. The department noted that if you happen to stumble upon one of these drunk idiots, you should not approach them.
Revenue for the quarter was US$2.95 billion, a 5 percent boost from the previous quarter and up 38 percent from a year ago. On either metric, the loss was about 20 percent higher than Uber's loss in the second quarter.
Appointments development slid into the single digits on a quarterly premise toward the beginning of this current year, Reuters said. Uber bookings were about $12.7 billion in September quarter.
Uber a year ago chose to share selected financial figures publicly. Under the chief executive Dara Khosrowshahi, who took over from Kalanick, Uber has also retreated from some markets where it has suffered losses.
Uber is rapidly expanding its food delivery business and is investing in new mobility offerings, such as bikes and e-scooters.
Uber is considering moving its public debut up from the second half of 2019 to the first half, given concerns about a market downturn and an expected IPO from its chief US rival, Lyft Inc, according to sources familiar with the matter. For the first time, Uber provided specific numbers for its UberEats business. Last month, Uber announced its intention to expand Eats to cover 70 percent of the US population by the end of this year.
He also called the investigation a "witch hunt" and a "hoax", terms he has also used to describe it in the past. President Donald Trump's body language, Twitter outbursts, and policy moves are said to hint at brewing trouble.
Hamilton joined Mercedes in 2013, the same year as Wolff, and since 2014 has won 50 of the 99 races, an average of 10 per season. It's been such an incredible journey and by no means has it been easy for anybody.
A source told TMZ that the model had been suffering flu like symptoms, and possibly pneumonia, for several weeks. Many in Hollywood were stunned to learn of model-actress Kim Porter's sudden death on Thursday .
The study was created to look at major cardiovascular events, which includes a variety of conditions like heart attack or stroke. Nevertheless, it was a pretty good study performed by reputable investigators across 11 countries with convincing results.
The FDA said it will continue to test all products containing valsartan and similar drugs for the presence of impurities. According to an FDA, the product is being recalled due to the trace amount of an impurity, N-nitrosodiethylamine (NDEA).
Consumption of food contaminated with Salmonella can cause salmonellosis, one of the most common bacterial foodborne illnesses. According to the federation, almost 88 percent of Americans surveyed by the federation eat turkey at Thanksgiving.
Pol Pot died at the age of 72 in 1998 while under house arrest, before he could be turned over to an worldwide tribunal. Both parties were sentenced to "life in prison", merging the two sentences into a single term, Nil Nonn said.
The Rajasthan Royals and Sunrisers paid $1.67 million each at last year's IPL auction for the services of Smith and Warner. The franchise has retained 16 of its players, including Ajinkya Rahane , Ben Stokes and Jos Buttler.
Illicit drug use continues to take a toll
Among Island Health authority regions, south Vancouver Island has had 97 deaths for a rate of 33.1 per 100,000 people. The death rate per 100,000 population from illegal drug overdose is up to 31.3 from 30.3 past year .
Ariana Grande cuts off her famous ponytail
The singer's world-famous long hair, which hangs down her back in an impossibly straight sheet, is now mostly gone. Kevin Mazur via Getty Images Pete Davidson and Ariana Grande at the 2018 MTV Video Music awards.
Call for ban on 'freakshakes' with 39 teaspoons of sugar
" Grotesque " milkshakes containing as much as 39 teaspoons of sugar should be banned, health campaigners warned yesterday. A spokesperson for Toby Carvery said: "Freakshakes only feature on our main menu and are not targeted at children".
Toyota Corolla sedan revealed
TSS for this sedan comprises Pre-Collision System, Dynamic Radar Cruise Control, Lane Tracing Assist and Automatic High Beams. Toyota is serious about shedding its ho-hum image, and the latest proof of this comes in the form of the 2020 Corolla sedan .
Trial of Mexico’s El Chapo begins two years after extradition
Eduardo Balarezo spoke to journalists as he entered the highly secured Brooklyn federal courthouse where Guzmán is being tried. Guzman's multiple escapes from Mexican prisons further fueled the myth that he was a unsafe drug cartel boss, Lichtman said.