Uber’s not out of the woods yet
The Verge - 2024-05-08T16:49:58.427Z

In 2023, Uber achieved an important milestone, earning more money than it spent for a full year for the first time. It was widely seen as a sign that the perennially cash-strapped business was finally on a more sustainable path. Today, there are signs that the journey may be longer than we thought. The ridehailing and delivery company reported a surprise net loss of $654 million for the first quarter of the year, as legal settlements and equity investments proved to be more of a drag on... Read this story