Uber Lost $1 Billion In 1st Quarter, Hopes Profit-Slashing Price Cuts Ease Up Soon
Uber had told investors to be prepared for it to lose even more than that; its first earnings report as a public company came in on the better end of Uber's projected range.
For most companies, losing $1 billion in a quarter would be a big disappointment. But Uber's first report as a publicly traded company was actually better than it had warned investors to expect.
The ride-hailing and food-delivery giant brought in
